Treasurer Tom Koutsantonis has presented the first budget of the current Malinauskas administration, emphasizing fiscal stability and the fulfillment of prior electoral commitments.

財政部長 Tom Koutsantonis 已提交現任 Malinauskas 政府的首份預算案，強調財政穩定並履行先前的競選承諾。

The fiscal framework is characterized by a projected increase in net debt to approximately $53.7 billion by 2029-30. This trajectory is attributed to substantial capital expenditures, specifically the North-South Corridor and the new Women's and Children's Hospital, the latter of which is estimated at $3.2 billion despite acknowledged delivery difficulties. While the administration forecasts operating surpluses of $1.4 billion over the period, the Opposition has characterized the debt accumulation as unprecedented and unsustainable. Furthermore, the Treasurer identified the expiration of the Commonwealth's 'no worse off' GST guarantee in 2030 as an existential risk to state revenue.

財政框架的特點是預計到 2029-30 年，淨債務將增加至約 537 億元。此趨勢歸因於龐大的資本支出，特別是南北走廊與新的婦幼醫院，後者儘管承認交付存在困難，但估計成本達 32 億元。雖然政府預測該期間將有 14 億元的營運盈餘，但反對黨將此債務累積描述為前所未有且不可持續的。此外，財政部長指出聯邦政府的「不受損」GST 保證將於 2030 年屆滿，對州政府收入而言是一項生存風險。

Sectoral allocations demonstrate a heavy concentration in healthcare, which is projected to constitute one-third of operating expenses, totaling $11 billion for the 2026-27 period. Concurrent investments include $1.3 billion for rent-to-own housing and $174 million to eliminate public school fees. To offset expenditures, the government will implement a workforce reduction of 1,000 full-time equivalent 'back office' positions, a measure contested by the Public Service Association on the grounds of potential frontline service degradation.

部門撥款顯示醫療保健佔比極高，預計將佔營運開支的三分之一，2026-27 年總額達 110 億元。同時的投資包括 13 億元用於「租轉買」住宅，以及 1.74 億元用以取消公立學校學費。為了抵銷支出，政府將削減 1,000 個全職等同的「後勤」職位，此舉遭到公務員協會質疑，理由是可能導致前線服務品質下降。

Industrial and geopolitical considerations further influence the budget. The administration has allocated $319 million to sustain the Whyalla steelworks during its second administration. Additionally, the Treasurer noted that global geopolitical instability, specifically conflict in the Middle East, has necessitated conservative revenue forecasting and a temporary suspension of public transport fare increases until October 1. Institutional tensions are also evident in the government's assertion that federal NDIS funding reductions may create an unsustainable demand for state-level safety nets.

工業與地緣政治考量進一步影響了預算案。政府在第二任期內撥款 3.19 億元以維持 Whyalla 鋼鐵廠。此外，財政部長指出全球地緣政治不穩定，特別是中東衝突，使得政府必須採取保守的收入預測，並將公共交通票價漲幅暫緩至 10 月 1 日。制度性的緊張關係也顯而易見，政府聲稱聯邦 NDIS 資金削減可能會導致州級安全網面臨不可持續的需求。

The budget maintains a pro-business orientation with no new taxes, while balancing significant infrastructure debt against targeted social spending.

預算案維持親商導向，無新稅項，同時在龐大的基礎建設債務與針對性社會支出之間取得平衡。