House of Assembly Fifty-Fourth Parliament, First Session (54-1) 54 1 Parliament of South Australia House of Assembly published Answers to Questions Government Interest Costs Government Interest Costs The Hon. S.C. MULLIGHAN House of Assembly Lee Government Interest Costs 1325 The Hon. S.C. MULLIGHAN (Lee) (11 September 2019). In the non-financial public sector, how much did interest costs increase across the forward estimates as a result of higher debt levels? The Hon. S.S. MARSHALL House of Assembly Dunstan Premier Government Interest Costs The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised: Since the 2018-19 MYBR there has been an increase in net debt in the non-financial public sector in 2019-20 entirely due to the introduction of Australian Accounting Standard (AASB 16) 16 leases. Abstracting from that there is no increase in interest costs due to higher debt in 2019-20. Across the forward estimates, there is a forecast increase in net interest costs due to estimated higher net debt levels, aside from the AASB 16 impact, of $24 million in 2020-21, $37 million in 2021-22 and $56 million in 2022-23. Interest revenue and expenditure estimates are based on interest rate assumptions as at the 2019-20 budget.