A state’s debt burden will soar past $53 billion by 2030 but its treasurer insists budget surpluses and fiscal discipline will help steer it clear of a spiral into financial ruin.
Handing down the South Australian state budget on Thursday, Treasurer Tom Koutsantonis said it would provide certainty for business and relief for families.
“We are living within our means and this is a budget of no surprises and we’re doing all of this without increasing taxes,” he said.
“It’s a responsible budget … that prioritises costs for families while delivering business stability.”
Health accounts for the lion’s share of spending in SA’s latest budget. (Susie Dodds/AAP PHOTOS)
But Opposition Leader Ashton Hurn said the interest bill would soon reach $10…