The Star Super Surplus Policy (also known as the State Super Future Fund) is an important fiscal policy set in place by the state government of New South Wales, Australia. The policy was launched back in 2018, to manage the increasing public debt of the state and to ensure that the state can continue to function without any financial stress.
In a nutshell, the Star Super Surplus Policy seeks to ensure New South Wales' current and future sustainability via a number of steps, which include:
- Diversifying the state's income sources
- Tightening its expenditure
- Increasing the surplus of the state
- Allowing for better asset management and risk allocation
The Star Super Surplus Policy also supports NSW households by protecting the state's fiscal integrity and providing a degree of price stability. Additionally, the policy ensures the state can plan for major projects and investments—such as infrastructure development and job creation initiatives—that will help grow our economy.
Overall, the Star Super Surplus Policy of New South Wales is an important initiative as it works to safeguard the state's financial security and support its communities.
For more information, check out this article from the Ballina Shire Advocate, which provides an overview of the policy and its objectives: