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NSW treasurer Daniel Mookhey points to ‘largest debt any incoming state government has ever inherited’ as he hands down party’s first budget in more than a decade

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Housing was presented as a centrepiece of the first Labor New South Wales state budget in more than a decade.

But handing down a set of fiscally conservative financial books on Tuesday, the NSW treasurer, Daniel Mookhey, was at risk of underwhelming those who voted for a government that could tackle the problem head on.

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