Debt Retirement Fund / NSW Parliament, Legislative Council, Standing Committee on State Development

"At the time of this report, the fourteen point 7 billion Debt Retirement Fund (DRF) is a significant aspect of the state's budget ... As contributions to the fund are due to recommence following the 2023-2024 Budget, the government must make an important decision regarding the future management of the fund. This inquiry provided a timely opportunity to consider the issue before the government makes this decision. The committee found that the current policy settings of the DRF are not fit-for-purpose in today's economic environment. The DRF is operating in a volatile economic environment and potentially putting the state's overall fiscal outlook at risk. There are risks to the state's budget and credit rating, and significantly, public confidence in the government if the current policy settings of the fund remain unchanged ... " -- Chair's foreword, page vii.