House of Assembly - Fifty-Fourth Parliament, First Session (54-1)
2019-10-29 Daily Xml

Contents

Government Interest Costs

1322 The Hon. S.C. MULLIGHAN (Lee) (11 September 2019). In the general government 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 decrease in net interest cost as a result of lower interest rates on Treasurer's deposit balances and borrowings since 2018-19 MYBR is $7.0 million in 2019-20, $27 million in 2020-21, $44 million in 2021-22 and $41 million in 2022-23.

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