Trends in NSW State finances: 2003-04 to 2013-14

Australia New South Wales
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This paper reports on 11-year trends in NSW State finances between 2003-04 and 2013-14 (inclusive). For some of the key indicators, the paper also shows trends for the last two (53rd and 54th) Parliaments, and for the first three years of this (55th) Parliament. This paper sets out the key trends but only briefly discusses the reasons for the trends. A more detailed analysis of the trends up to 2010-11 appears in the NSW Financial Audit 2011 (Ch 2-4). An important point to bear in mind is that Federal Government funding can have a significant impact on the trends outlined in this paper. This is particularly the case from 2009-10 to 2011-12 with the Federal Government's Economic Stimulus payments. This paper draws on a number of key sources including the NSW Financial Audit 2011, NSW Budget Papers, and figures supplied by NSW Treasury. Note that the 2013-14 (and 55th Parliament) figures below exclude the impact of an accounting change that increased superannuation expenses by $1.56 billion in 2013-14.

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