2016-17 Half-Yearly Review
The Treasurer released the 2016-17 Half-Yearly Review on Tuesday 13 December 2016. The Half-Yearly Review sets out the current economic and fiscal outlook for New South Wales and describes material variations that have occurred since the 2016-17 Budget. The Half-Yearly Review is available on the Budget website.
The NSW Treasurer handed down the State Budget in Parliament on Tuesday, 21 June 2016. The full set of 2016-17 Budget Papers are available on the Budget website.
Previous Budget papers
Previous NSW Budget papers can be viewed in the document library. There are a variety of filter options to refine your search.
About the NSW Budget
The role of NSW Treasury is to manage the state’s finances to best support the economy, ensuring NSW will always be a great place to live and work. In this work, NSW Treasury is guided by the Premier’s Priorities and State Priorities.
Treasury advises government on the state’s fiscal and economic position and provides decision makers with a solid evidence base for policy development.
Treasury leads financial management across the NSW Government and provides financial and commercial advice to government to achieve better value-for-money for taxpayers.
At a national level, Treasury provides advice and analysis to government to ensure NSW receives its fair share of federal funding in GST payments and other intergovernmental funding arrangements.
NSW fiscal strategy
NSW’s finances are managed in alignment with the legislation set out in the Fiscal Responsibility Act 2012 (FRA 2012).
The FRA 2012 established the framework for fiscal responsibility and strategy needed to protect the state’s triple-A credit rating and service delivery to the people of NSW.
The FRA 2012 is supported by two fiscal targets:
- keeping expense growth below long-term revenue growth
- eliminating unfunded super liabilities by 2030.
and three principles:
- responsible and sustainable spending, taxation and investment
- effective financial and asset management
- achieving intergenerational equity.