House of Assembly Fifty-Third Parliament, First Session (53-1) 53 1 Parliament of South Australia House of Assembly published Estimates Replies State Budget Operating Surpluses State Budget Operating Surpluses In reply to Mr MARSHALL House of Assembly Dunstan Leader of the Opposition State Budget Operating Surpluses In reply to Mr MARSHALL (Dunstan—Leader of the Opposition) (17 July 2014). (Estimates Committee B) The Hon. A. KOUTSANTONIS House of Assembly West Torrens Minister for Finance Minister for State Development Minister for Mineral Resources and Energy Minister for Small Business State Budget Operating Surpluses The Hon. A. KOUTSANTONIS (West Torrens—Treasurer, Minister for Finance, Minister for State Development, Minister for Mineral Resources and Energy, Minister for Small Business): 1.	The first year for which there is accrual measurement of the state's operating position is 1998-99. The largest reported surpluses since that time were $448 million in 2002-03 (0.8 per cent of GSP) and $464 million in 2007-08 (0.6 per cent GSP). The surplus projected for 2016-17 is $776 million (0.7 per cent GSP). The surplus achieved in 2002-03 is larger than that projected for 2016-17 when measured as a share of the economy. 2.	The first year for which there is accrual measurement of the state's operating position is 1998-99. Budget Paper No. 3 does not include net operating position data prior to 1998-99. There are no recorded accrual figures for the period in question.