On 1 March, 2022, Treasury provided final advice to the Liberal Government on the budget position at the commencement of the caretaker period on 19 February, 2022.
Treasury updated the budget position for all decisions taken by the Government after the Mid-Year Budget Review (MYBR) and up to the start of the caretaker period.
Net Operating Budget Surplus
|March 1 update||$139m||$709m||$537m|
Treasury also advised that the deficit estimated for 2021-22 has increased by $302 million due to significant additional COVID related expenditure on health and business support grants.
This increased deficit for 2021-22 obviously increases net debt together with other major announced investing projects such as the expansion of the Adelaide (Botanic) CBD high school and major hospital projects.