NSW to be debt free by end of financial year. But don’t blink…

Monday 20 June 2016

The ABC has reported that the New South Wales Budget will be virtually debt-free by the end of the financial year:

Tomorrow’s budget will confirm that on June 30 net debt is expected to be just 0.1 per cent of gross state product, or $663 million.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.