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The NSW treasurer says a slashed share of GST will cost his state $11.9 billion. But where did he get this figure?

  • Written by: David Hayward, Emeritus Professor of Public Policy, RMIT University
The NSW treasurer says a slashed share of GST will cost his state $11.9 billion. But where did he get this figure?anek.soowannaphoom/Shutterstock

NSW Treasurer Daniel Mookhey caught the headlines yesterday, courtesy of a blistering speech condemning the latest GST carve-up. New South Wales, he claimed, would be A$11.9 billion worse off over the next four years, leaving both the state’s coveted AAA credit rating and budget surplus in tatters.

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