Government Interest Costs

1324 The Hon. S.C. MULLIGHAN (Lee) (11 September 2019). In the non-financial public sector, how much did interest costs reduce across the forward estimates as a result of lower interest rates?

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

The Department of Treasury and Finance estimates the reduction in net interest costs in the non-financial public sector since the 2018-19 MYBR is $25.0 million in 2019-20, $46.0 million in 2020-21, $61 million in 2021-22 and $53 million in 2022-23.

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