New South Wales is debt free, the Government has said, but the Opposition has questioned its budget priorities.
New Total State Sector Accounts figures show the final surplus for the 2015-16 financial year was $4.7 billion – more than $1 billion larger than predicted in the June budget.
General government sector net debt fell from $5.5 billion at June 30, 2015 to negative $57 million at June 30, 2016, meaning NSW is in a cash positive position for the first time on record.
Treasurer Gladys Berejiklian said the situation demonstrated excellent economic management.
“NSW has never been in a position where the general government sector has been comple…
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