South Australia's state debt is projected to exceed $50 billion by 2029-30. Treasurer Tom Koutsantonis, delivering the re-elected Malinauskas Government's first state budget, stated that state debt remains "manageable."
Key Expenditures
Infrastructure: Continued funding for a new Women's and Children's Hospital and a transport corridor through Adelaide.
Election Promises: The government prioritized delivering on $2.2 billion worth of Labor's election promises, including making public education free for primary and high school students and accelerating housing supply.
Health Spending: Health spending accounts for approximately one-third of the state's budget. The government allocated $1.7 billion over five years to address rising demand across the public system.
Fiscal Outlook
The treasurer forecast $1.4 billion in operating surpluses over the same period through 2029-30.