Government Interest Costs

1323 The Hon. S.C. MULLIGHAN (Lee) (11 September 2019). In the general government sector, how much did interest costs increase across the forward estimates as a result of higher debt levels?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

The Department of Treasury and Finance estimates the increase in net interest cost in the general government sector as a result of higher debt levels for 2019-20 is $20.0 million, $43 million for 2020-21, $56 million for 2021-22 and $75 million for 2022-23.

This is an estimate of the impact of higher debt at expected interest rates.

Interest revenue and expenditure estimates are based on interest rate assumptions as at the 2019-20 budget.