ELECTION commitments by the West Australian opposition would increase state debt by $1.7 billion, an independent analysis by Treasury shows.
The report on Labor's aggregated net expenditure - not dissecting its individual commitments - released late on Wednesday showed the promises would push state debt to $25.3 billion in 2015/16.
WA's net debt, which is expected to hit $18 billion at the end of the current financial year, is already projected to nudge $25 billion in 2015/16, eclipsing the government's previously hallowed $20 billion debt ceiling.
The report also said the commitments substantially reduced general government sector operating balance projections over the forward estimates.
Treasury also warned of volatile royalty streams amid wavering commodity prices, particularly for iron ore, which could eliminate very small surplus projections.
The department said the threat of ratings agencies Moody's and Standard & Poor's to downgrade the state's AAA credit rating in the next two years highlighted the need to constrain spending.
It also highlighted the need for a surplus buffer against commodity price volatility and keeping a lid on debt, Treasury said.
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