Minns government stumbles across $1 billion accounting error in state budget

The NSW government has stumbled onto a costly accounting error which will blow a $1 billion hole in the 2024 state budget. The property sales of buildings above train stations for the flagship Sydney Metro project were counted twice in 2018. It means the state's net debt has been underreported by a billion dollars for the last five years. Former New South Wales Premier Dominic Perrottet was Treasurer at the time.