Treasurer of New South Wales | |
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since 28 March 2023 | |
New South Wales Treasury | |
Style | The Honourable |
Member of | |
Reports to | Premier of New South Wales |
Seat | 52 Martin Place, Sydney |
Nominator | Premier of New South Wales |
Appointer | Governor of New South Wales on the advice of the premier |
Term length | At the Governor's pleasure |
Formation | 24 April 1824 |
First holder | William Balcombe (as Colonial Treasurer of New South Wales) |
The Treasurer of New South Wales, known from 1856 to 1959 as the Colonial Treasurer of New South Wales, is the minister in the Government of New South Wales responsible for government expenditure and revenue raising and is the head of the New South Wales Treasury. The Treasurer plays a key role in the economic policy of the government.
The current Treasurer, since 28 March 2023 is Daniel Mookhey.[1]
Each year, the Treasurer presents the NSW Budget to the Parliament. In some other countries the equivalent role is the Minister for Finance, although NSW has had a separate office of that name responsible for regulating government spending. For 103 years the Treasurer was originally known as the 'Colonial Treasurer', however the 'Colonial' word was removed with the passing of the Ministers of the Crown Act 1959 (NSW) from 1 April 1959.[2]
Treasurers Forster, Stuart, Dibbs, Jennings, Reid, Lyne, Waddell, Carruthers, McGowen, Holman, Fuller, Lang, Bavin, Stevens, Mair, McKell, McGirr, Cahill, Heffron, Renshaw, Askin, Lewis, Willis, Wran, Greiner, Fahey and Iemma were also Premier during some or all of their period as Treasurer. By convention, the Treasurer is usually a member of the Legislative Assembly.[3] The exception to this were Treasurers Egan, Costa, Roozendaal and currently Mookhey, who were members of the Legislative Council during their tenure as Treasurer. Egan is the longest serving Treasurer of New South Wales.
The Treasurer administers his or her portfolio responsibilities through The Treasury cluster, and in particular The Treasury and a range of other government agencies.[4]