House of Assembly: Tuesday, October 29, 2019

Contents

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.