2025–26 WA State Budget Released
The 2025–26 State Budget has been handed down by Hon Rita Saffioti, the Deputy Premier and Treasurer of Western Australia.
To support the release, view the Treasurer's Presentation and WATC's updated Borrowing Program for 2025–26 below.
2025–26 State Budget Treasurer's Presentation
An overview of the Western Australian economy, economic outlook, state investment and debt and funding program.
Click to view the full presentation.
Key Budget Highlights:
- Western Australia’s economy continues to be the nation’s economic powerhouse.
- Looking ahead, solid economic growth is expected to continue, however, risks are more heightened.
- Operating surpluses are forecast to be maintained across the forward estimates period.
- Infrastructure investment program includes utilities, health, education and housing.
- Western Australian net debt remains by far the most affordable in the nation.
- There is a larger funding task for WATC than in recent years.
WATC 2025– 26 Borrowing Program
The 2025–26 State Budget was handed down by the Hon. Rita Saffioti MLA, Treasurer of Western Australia, on 19 June 2025. Following the budget release, Western Australian Treasury Corporation announces its estimated term funding requirement for the 2025–26 financial year at $8.8 billion. The WATC forecast borrowing program across the forward estimates period is detailed in the following table:
| Term Funding Requirement | 2025–26 $b | 2026–27 $b | 2027–28 $b | 2028–29 $b |
| New Money Program (Est.) | 4.6 | 3.7 | 2.6 | 2.1 |
| Projected Maturities | 6.2 | 6.6 | 5.3 | 5.6 |
| Less Prefunding | -2.0 | |||
| Total Term Funding (Est.)* | 8.8 | 10.2 | 7.9 | 7.7 |
*May not balance due to rounding.
For information on WATC's Funding Strategy, view our Borrowing Program.
For more information
To view the State Budget in full refer to the Western Australian Government website.