- September 2025 Quarterly Financial Results report released today
- Western Australia records $628million operating surplus for the first three months of 202526
- Cook Government on track to deliver eighth consecutive surplus
- Net debt below forecast at 2025-26 State Budget at $31.5 billion and $12 billion lower than projected under the Liberals and Nationals
The Cook Government's strong budget management and significant investment in critical economic infrastructure have been highlighted in the September 2025 Quarterly Financial Results Report released today.
The report released by the Department of Treasury and Finance shows Western Australia is on track to deliver its eighth consecutive operating surplus, with an operating surplus of $628 million recorded for the three months to 30 September 2025.
Investment in health, education, and training accounted for more than half of general government expenditure, at 51 per cent, up from 48 per cent for the September quarter in 2024.
This reflects the Cook Government's commitment to delivering quality healthcare across WA and the training opportunities needed to grow the State's skilled workforce.
The State Government is investing a record $4.7 billion in health infrastructure over the next four years, so every Western Australian can access the healthcare they need, when they need it.
The report also demonstrated total public sector net debt was $31.5billion, well below what was forecast from the 2025-26 Budget, and more than $12 billion lower than projected when WA Labor came to government in 2017.
Investment in infrastructure totalled $2.8billion in the September quarter, including:
- investment in electricity, which accounted for the largest share at 20 pe rcent, with a focus on transmission infrastructure;
- investment in public transport infrastructure declined compared to the same period in 2024, following the completion of several significant METRONET projects;
- water infrastructure investment increased driven by the Alkimos Seawater Desalination Plant; and
- investment in ports increased including on Lumsden Point, the Dampier Bulk Handling Facility, and Ashburton multi-user port.
The September2025 Quarterly Financial Results Report is available to view at: www.wa.gov.au/organisation/department-of-treasury-and-finance
As stated by Treasurer Rita Saffioti:
"The Cook Government continues to focus on delivering strong financial results so our State's economy remains the strongest in the nation.
"By responsibly managing our State's finances we are able to invest in what matters most to Western Australians - including health, housing, and jobs.
"This report highlights our continued investment in the critical economic infrastructure needed to support the industries that power our State, including the electricity network, water infrastructure, and ports.
"We're proudly on track to deliver our eighth consecutive surplus, while debt remains more than $12 billion lower than projected under the previous Liberal-National Government.
"Western Australia also remains the only state or territory to hold a triple-A credit rating from both S&PGlobal and Moody's Investors Service."
