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AAP
AAP
Politics
Jack Gramenz

Accounting error blow to budget as sales counted twice

Development sales at Sydney Metro stations were counted twice, leaving a $1 billion discrepancy. (Bianca De Marchi/AAP PHOTOS)

The NSW auditor-general has been notified following the discovery of a $1 billion hole in the state's books, days ahead of the government releasing its second budget.

Development sales at Sydney Metro stations were counted twice, meaning the state's projected net debt would be about $1bn more in the coming years than  projected before the 2023 election.

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