NET DEBT

Net debt as a proportion of gross state product

EXPENSES BELOW REVENUE

$ million

Budget Result -283

Total Expenditure 67,396

Total Revenue 67,113

Net Debt 12,364

Infrastructure Spending 15,038

NSW net debt as a proportion of GSP is the lowest of comparable states.

The Government’s efficiency and wages polices have allowed enhancement of services while maintaining expenditure at sustainable levels.

NSW Vic QLD WA SA TasS&P Credit Rating AAA AAA AA AA AA AAEconomic Growth +4.7% +1.8% -0.9% -1.1% +0.4% +0.4%Unemployment Rate 5.7% 6.2% 6.2% 5.0% 6.8% 7.5%Retail Sales +8.1% +7.2% +4.0% +1.4% +3.4% +3.4%

Four year average expense growth has continually been below revenue growth.

KEY BUDGET RESULTS

CUMULATIVE SAVINGS EFFECT

NSW IS COMMITTED TO MAINTAINING A TRIPLE-A CREDIT RATING

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

$23.6 BILLIONGAP WITHOUT ACTION

3,000

2,000

1,000

0

-1,000

-2,000

-3,000

-4,000

-5,000

$ m

illio

ns

Budget result Without savings

0%

4%

8%

2%

6%

1%

5%

3%

7%

New South Wales Queensland Western Australia Victoria South Australia

9

8

7

6

5

4

3

Perce

nt

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

Revenues Expenses

AA+AA+

AA+

AAA

AAA

AA

124,000 HOMES BUILT IN NSW SINCE

APRIL 2011

NSW HAS THE STRONGEST

ECONOMY IN AUSTRALIA

NSW Budget 2014-15 Budget Overview

New South Wales Budget 2014-15 New South Wales Budget 2014-15

Rebuilding NSW

• $500 million of additional funding over four years for child protection has been included in this Budget. This will support the transition of out-of-home care to the non-government sector, to provide more assistance for caseworkers and deliver a major technology upgrade.

• Reforms like Safe Home for Life are part of the $1.6 billion the NSW Government will invest in 2014-15 to keep children and young people safe and enable them to grow and reach their potential.

• Total health budget for 2014-15 will be $19.9 billion.

• $18.7 billion will be spent on services and the Health capital program will be $1.3 billion.

• $300 million is provided for increased activity for 80,000 extra emergency department attendances, 40,000 extra patients treated in hospitals and 3,000 extra elective surgeries.

• $24.5 million will be spent this year to commence construction on five new ambulance stations at: Bankstown, Blacktown, Kogarah, Liverpool and Penrith.

• $15 million to employ 115 new clinical nurse educators/midwife educators and specialists, completing the election commitment of 275 new positions.

• A record education, training

and early childhood education

budget of $14.4 billion is

delivered in 2014-15, an increase

of $612 million on last year’s

expenditure. This includes

$230 million of additional

funding as part of the “Gonski”

education reforms delivering

a needs based funding model,

improvements to teacher quality

and enhancements to rural and remote education.

• $400 million funding for schools

infrastructure, which delivers

two new public schools, a new

special needs facility to be built

at Glenmore Park and 14 new

major school upgrade projects.

The upgrades include a major

redevelopment of Hunter Sports

High School, new permanent

classrooms for Point Claire

Public School and Wilton Public School and a complete

redevelopment for Lucas Gardens School for Specific

Purposes. These new projects will deliver 256 new permanent

classrooms across the State.

• $2.3 billion for vocational

education, including $1.9 billion

for TAFE. This represents

an increase of $125 million

for vocational education

and training on last year’s

expenditure. Since coming to

Government the vocational

education and training budget

has increased by 11%.

SUPPORTING THE VULNERABLE

HEALTH

SCHOOLS AND EDUCATION

$500 million

OF ADDITIONAL FUNDING

$14.4 billion EDUCATION

$400 million

FOR SCHOOLS INFRASTRUCTURE

256 NEW

PERMANENT CLASSROOMS ACROSS THE

STATE

New South Wales Budget 2014-15 New South Wales Budget 2014-15

Rebuilding NSW Rebuilding NSW

ACHIEVEMENTS OVER 3 YEARS

Transport services are made quicker and easier through the progressive roll out of the Opal card electronic ticketing system.

300,000OPAL CARDS REGISTERED

The ongoing transition of out-of-home care services to non-government organisations will deliver better results for children with complex needs.

3,168CASEWORKERS

There are 3,435 ambulance paramedics, an increase of 205 paramedics since March 2011.

205MORE AMBULANCE

PARAMEDICS

There are now 95,000 emergency services volunteers and professionals. 4,000+

MORE EMERGENCY SERVICES

VOLUNTEERS

The NSW Government has introduced almost 8,000 extra weekly public transport services since March 2011. This includes more than 4,700 in Sydney’s west.

8,000EXTRA PUBLIC TRANSPORT

WEEKLY SERVICES

NSW now has 16,336 police, which is 550 more than under the previous Government.

550MORE POLICE

NSW now has more than 47,500 nurses and midwives, which is 2,800 more than the previous Government.

2,800MORE NURSES

NSW now has 62,000 teachers, which is 755 more than under the previous Government.

755MORE TEACHERS

INCREASED FUNDING ACROSS ALL SECTORS SINCE 2010-2011

Police & Justice Transport Education Health0

4,000

12,000

8,000

2,000

6,000

10,000

20,000

16,000

14,000

18,000

2010-112014-15

$ m

illio

ns

Growth in funding to service delivery from 2010-11 to 2014-15

New South Wales Budget 2014-15 New South Wales Budget 2014-15

Rebuilding NSW Rebuilding NSW

RECORD INVESTMENT IN INFRASTRUCTURE

STATE FUNDED INFRASTRUCTURE EXPENDITURE

NSW MAJOR INFRASTRUCTURE

NSW has committed $60 billion to rebuilding state infrastructure. Major investment in rail and road projects will ease the burden of congestion across the State. Infrastructure projects are rebuilding NSW’s productivity.

Project Name Start Date Delivery Date Estimated Total Cost

North West Rail Link Under construction 2019 $8.3 billion

WestConnex 2015 2023 $14.9 billion

NorthConnex 2014 2019 $3 billion

CBD and South East Light Rail 2015 2019 $1.6 billion

Western Sydney roads package to support Sydney’s second airport

2014 2024 $3.5 billion

Pacific Highway Upgrade (complete dual carriageway Hexham to Woolgoolga/Ballina to QLD)

Under construction 2020

The Commonwealth Government will contribute $5.6 billion from 2013-14. The NSW Government will contribute $395 million in 2014-15.

Northern Beaches Health Service Redevelopment

2015 2018 N/A

Darling Harbour Live Under construction 2017 $1.1 billion

Next Generation Rail Fleet 2014 2024 $2.8 billion

South West Rail Link Under construction 2015 $2 billion

Barangaroo Precinct Under construction 2015 $249 million

$60 billion FOR

INFRASTRUCTURE

0

4000

12000

8000

2000

6000

10000

$ m

illio

ns

2008-09

$5.9 billion average

$7.4 billion average

$8.8 billion average

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

New South Wales Budget 2014-15 New South Wales Budget 2014-15

Rebuilding NSW