Back to News 20 June 2025

State Budget 2025–26 Investor Highlights

In support of this year’s budget handed down by the Hon Rita Saffioti, Deputy Premier and Treasurer of Western Australia on 19 June, WATC has coordinated a resources series to highlight key takeaways for investors.

As the State’s central financial services provider, we contribute to and support the State Budget, and our Markets team announces WATC’s estimated term funding requirements in conjunction with the release. The three featured resources are designed to provide additional insights into the State’s finances and to present key information in an investor-focused context. To view the State Budget in full refer to the Western Australian Government website.

1. State Budget Interview

This audio interview between WATC CEO Kaylene Gulich and Deputy Premier and Treasurer of Western Australia Rita Saffioti provides an opportunity for both leaders to discuss the benefits of the budget and the strength of the Western Australian economy in their own words.

Pictured above: Hon Rita Saffioti, Deputy Premier and Treasurer of Western Australia (left) with WATC CEO Kaylene Gulich.

2. 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.

3. 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 Requirement2025–26
$b
2026–27
$b
2027–28
$b
2028–29
$b
New Money Program (Est.)4.63.72.62.1
Projected Maturities6.26.65.35.6
Less Prefunding-2.0
Total Term Funding (Est.)*8.8 10.2 7.97.7

*May not balance due to rounding.

For information on WATC's Funding Strategy, view our Borrowing Program.