NSW recorded a $5.1 billion General Government Sector operating deficit in 2024-25 — the opposite of the forecast surplus. State debt stands at $165.2 billion with interest costs of $7.1 billion per year ($19.6M per day). S&P maintained a negative outlook on NSW's financial sustainability. Unfunded superannuation liability: $19 billion.
Enter your postcode. We'll find your MP and pre-draft a letter about NSW Treasury's $5.1B in waste — ready to send from your email.
Opens your email app with a pre-filled message. You send it — we don't collect your name or email.
$5.1B of Australian taxpayer money was wasted at NSW Treasury. NSW recorded a $5.1 billion General Government Sector operating deficit in 2024-25 — the opposite of the forecast surplus. State debt stands at $165.2 billion with interest costs of $7.1 billion per year ($19.6M per day). S&P maintained a negative outlook on NSW's financial sustainability. Unfunded superannuation liability: $19 billion.
Spread across Australia's 10.8 million households, that's roughly $472 per family — enough in total for funding roughly 43 public hospitals for a full year.
NSW Auditor-General Report #413 (9 July 2025) — "State finances 2025" — documented the 2024-25 General Government Sector operating deficit of $5.1 billion, against a budget that predicted a return to surplus. State net debt reached $165.2 billion, an increase of $11.7 billion. Interest costs hit $7.1 billion per year ($19.6M per day), consuming a growing share of the state's discretionary budget. Unfunded superannuation liability is $19 billion (reduced from $20.6B). S&P Global maintained a negative credit rating outlook citing structural deficit risk and unsustainable debt trajectory. The 2025-26 budget aims to reduce deficit to $3.4 billion but structural pressures — infrastructure commitments, workforce costs, and declining stamp duty — make surplus return uncertain.
Every share puts pressure on the people responsible. Make it impossible to ignore.
I send every new finding. Daily. No fluff.