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ABC News
ABC News
National

WA Budget 2023: Mark McGowan's third budget delivers another massive surplus for WA

Western Australia's position as the nation's strongest economy remains unchallenged, after Premier and Treasurer Mark McGowan handed down another massive budget surplus of $4.2 billion for the current financial year.

That figure is larger than the $4 billion federal surplus announced on Tuesday by treasurer Jim Chalmers, Australia's first surplus in 15 years. 

Delivering his third state budget as treasurer, and his government's seventh overall, Mr McGowan revealed the state's debt had again fallen, to $27.9 billion, although that figure is forecast to rise. 

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