Treasurer of New South Wales facts for kids

Quick facts for kids Treasurer of New South Wales
Flag of New South Wales
Coat of arms of New South Wales
Incumbent Daniel Mookhey since 28 March 2023 (2023-03-28)
New South Wales Treasury
Style	The Honourable
Member of	Parliament Cabinet Executive Council
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 old Treasury Building in Sydney, completed in 1851.

The Treasurer of New South Wales is a very important job in the Government of New South Wales. This person is a minister who looks after all the money for the state. They are in charge of how the government spends money and how it collects money, like through taxes.

The Treasurer is also the boss of the New South Wales Treasury, which is the main department that handles the state's finances. This role is key to how the government plans its economy.

Since March 28, 2023, the current Treasurer is Daniel Mookhey.

What Does the Treasurer Do?

Each year, the Treasurer presents the NSW Budget to the Parliament. This budget is a big plan that shows how the government will spend money on things like schools, hospitals, and roads. It also shows how the government expects to get money.

In some other countries, a similar job might be called the Minister for Finance. New South Wales has had a separate Minister for Finance, but their job is usually more about managing government spending rules.

A Look Back: History of the Treasurer

For a long time, from 1856 to 1959, the Treasurer was called the 'Colonial Treasurer'. The word 'Colonial' was removed in 1959, making the title simply 'Treasurer'.

Many people who have been Treasurer also became the Premier (the leader of the state government). This shows how important the Treasurer's role is. Some of these leaders include Forster, Stuart, Dibbs, Reid, Lyne, Carruthers, McGowen, Holman, Lang, Stevens, McKell, Cahill, Renshaw, Askin, Wran, Greiner, Fahey, and Iemma.

Usually, the Treasurer is a member of the Legislative Assembly, which is like the main house of parliament. However, some Treasurers, like Michael Egan, Michael Costa, Eric Roozendaal, and the current Treasurer Daniel Mookhey, were members of the Legislative Council instead. Michael Egan holds the record for being the longest-serving Treasurer in New South Wales.

The Treasurer manages their duties through the Treasury and other government groups.

Important People: Past Treasurers

Here is a list of some of the people who have served as Treasurer of New South Wales. This role has been held by many important figures throughout history.

Helping the Treasurer: Assistant Roles

Sometimes, there is also an Assistant Treasurer. This person helps the main Treasurer with their duties. It's like a deputy role. There can also be a Minister for Finance, who helps with collecting money and managing government rules.

The Assistant Treasurer job is not always active; it can be appointed when needed. The last person to hold the title of Assistant Treasurer was John Della Bosca, who served from 1999 to 2006.