New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 7.16

7.16 Half-yearly reviews

(1) The Treasurer is to release publicly a statement (the
"half-yearly review" ) by 31 December in each year.

(2) However, if there is a State election in the year immediately following that 31 December, the Treasurer may decide to delay the release of the half-yearly review to no later than 10 February of that year.

(3) The half-yearly review is to contain--

(a) revised projections from the original Budget for the current annual reporting period for the NSW Government and an explanation of any significant variation in those revised projections from the original Budget projections, and

(b) revised forward estimates, for major aggregates, over 3 years and an explanation of any significant variation in those revised projections from the original Budget forward estimates, and

(c) the latest economic projections for the current annual reporting period for the NSW Government and an explanation of any significant variation from the original budget time projections contained in the Budget Papers.

(4) Unless the Treasurer determines differently, a half-yearly review is to be presented in a way that is consistent and allows comparison with the preceding Budget.

(5) If the Treasurer makes a determination under subsection (4), the Treasurer is to cause the reasons for the determination to be included in the half-yearly review to which the determination relates.