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 Matt Kean since 5 October 2021 (2021-10-05)
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, designed by Mortimer Lewis (1849). The Treasury building was completed by Edmund Blacket and opened on the 17 October 1851. The Treasury moved to the State Office Block in 1967. In 1995 the Treasury moved to Governor Macquarie Tower in Farrer Place.

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 5 October 2021 is Matt Kean. The Treasurer is assisted in his portfolio by the following ministers:

• the Deputy Premier of New South Wales and the Minister for Regional New South Wales, currently Paul Toole, appointed with effect from 6 October 2021;
• the Minister for Finance and Minister for Employee Relations, currently Damien Tudehope, appointed to the Finance portfolio with effect from 2 April 2019, and to the Employee Relations portfolio with effect from 21 December 2021;
• the Minister for Small Business, currently Eleni Petinos, appointed with effect from 21 December 2021.

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.

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. The exception to this were Treasurers Egan, Costa and Roozendaal, 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.

List of Treasurers

The old Treasury Building, designed by Mortimer Lewis (1849). The Treasury building was completed by Edmund Blacket and opened on the 17 October 1851. The Treasury moved to the State Office Block in 1967. In 1995 the Treasury moved to Governor Macquarie Tower in Farrer Place.