SA still on target for surplus in 2015/16

Written By Unknown on Senin, 31 Maret 2014 | 11.25

NEWLY returned South Australian Premier Jay Weatherill says his government still expects to return the state budget to surplus in 2015/16 - it's just not a promise.

Mr Weatherill says the government's finances are on track but achieving budget forecasts ultimately depends on the economic conditions at the time.

"Of course it's a forecast and we expect to achieve it," Mr Weatherill told reporters on Monday.

"But we're not going to elevate it to the status of a promise. It depends on the circumstances that we find ourselves in.

"All the advice is that we're tracking well to achieve it. As we get closer to it, it becomes even more likely that we will achieve a surplus in that year."

Mr Weatherill made the commitment to a surplus when he delivered his only state budget as treasurer last year.

After the government was narrowly returned at the March 15 state election, he handed the treasurer's job to Tom Koutsantonis.

Mr Koutsantonis will hand down his first budget on June 19 when the final cost of the Adelaide Oval redevelopment will be revealed.

The premier says the stadium, which was budgeted to cost $535 million, will actually come in under that figure.


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