Mr Mookhey will announce in an economic statement to parliament tomorrow that the current method of reporting the NGF Debt Retirement Funds (DRF) impact on the Budget result will be revised to improve transparency.
The Treasurer will also reveal that he is seeking advice on the funds further operations ahead of the September Budget.
Mr Mookhey will describe the former governments plan to raise more than $25.3 billion of debt by 2027 to deposit into the DRF, taking the funds balance to $50.8 billion, as not being a fit-for-purpose approach.
The 2023 Pre-Election Budget Update showed a $328 million surplus for 2024-25, which would have been a $911m deficit without the DRFs returns.
The Government will in future include a Budget result …
Read the full article at: https://www.nsw.gov.au/media-releases/nsw-debt-retirement-fund-model-to-be-reassessed