NSW budget surplus confirmed for 2024/25

Matt Kean says the government is investing in reforms that will keep NSW on the path to surplus. (AAP)

NSW should be back in the black in 2024/25, with Treasurer Matt Kean laying down the prospect of a turnaround as the state rebounds from the impacts of COVID-19 and devastating floods.

The NSW government handed down its 2022/23 budget on Tuesday, confirming a $16.6 billion bottom line and forecasting a deficit of $11.3 billion for the 12 months ahead.