Documents Library

General Government Financial Statements – 31 July 2024

This monthly statement is released in compliance with section 7.15 of the Government Sector Finance Act 2018 (GSF Act).

That section requires budget time projections and year-to-date balances for the major General Government Sector aggregates disclosed in the Budget to be published for each month.

Budget Paper No. 1 Budget Statement contains the full details of the 2024-25 Budget, as well as budget scope and other explanatory information. The financial statements presented are prepared in accordance with Australian Accounting Standard AASB 1049 Whole of Government and General Government Sector Financial Reporting.

Figures in tables have been rounded. Discrepancies between totals and sums of components reflect rounding.

Figures rounded to zero will appear as zero (0). True zero are shown by ellipses (…).

Report on the state finances 2023-24

The 2023-24 NSW Report on State Finances includes:

• an overview of the financial performance and position of the General Government and Total State Sectors for 2023-24
• the audited Consolidated Financial Statements of the General Government and Total State Sectors for 2023-24, including a full set of note disclosures required by Australian Accounting Standards
• the Outcomes Report on Government Finances for the General Government Sector, Public Non- Financial Corporations Sector, Public Financial Corporations Sector and the Non-Financial Public Sector for 2023-24, prepared in accordance with the Uniform Presentation Framework adopted by all Australian governments.

These reports and associated commentary provide a comprehensive analysis and review of the State’s financial performance and position.

2023-24 NSW Treasury Annual Report

This volume reports on the operations and performance of the NSW Treasury, together with the consolidated financial statements for the period 1 July 2023 to 30 June 2024.

Statutory Act of Grace Payments Register – 1 July 2023 to 30 June 2024

NSW Treasury’s Statutory Act of Grace Payments Register from 1 July 2023 to 30 June 2024 is published according to TC22-01 Statutory Act of Grace Payments.

The attached certification includes declaration for Office of Energy and Climate Change up to 31 December 2023.

TPG24-30 Fast track business case and investment assurance for government capital commitments

This policy establishes a process to fast track capital projects with a government commitment. It provides partial or full exemptions to the requirements of TPG24-29 NSW Government Business Case Guidelines (the business case guidelines) and the Infrastructure Investor Assurance Framework (IIAF) in limited circumstances.

TPG24-29 NSW Government Business Case Guidelines

These guidelines bring together best practice, expert advice, insights from other jurisdictions and a practical approach to guide business case development. They establish when a business case is mandatory and what it should contain, scaled according to proposal cost and risk.

TPG24-15 Treasury Banking System Interest Payments

The purpose of this policy is to establish principles for the payment of interest to exempt agency banking accounts operating within the TBS. The principles aim to achieve consistent application across the NSW Government sector and ensure sustainability of the Treasury Banking System.

TPG24-26 First Nations Impact Assessment Policy

TPG24-35 Budget Control Framework

This Treasury Policy and Guidelines (“TPG”) outlines the NSW Government budget control framework, including detail on how the controls apply to agency budgets, delegations for approving adjustments, and reporting arrangements.

This TPG supersedes the following Treasury Circulars:

• NSW TC12/08 – Budget Controls – Net Cost of Services
• NSW TC13/03 – Budget Controls – Labour Expense Cap
• NSW TC12/20 – Budget Controls – Capital Expenditure Authorisation Limits.

TPG24-33 Reporting framework for first year climate-related financial disclosures

This reporting framework sets out the minimum content requirements for the first year of mandatory climate-related financial disclosures for an entity. It also provides suggestions on how entities should approach their disclosures.