Labor announces election pledge to cut state debt

Key points

• NSW Treasurer Daniel Mookhey says Labor would cut state debt by $11 billion over the next decade without privatising assets. The plan would reinvest money from the state's shares in energy providers Ausgrid and Endeavour Energy into superannuation schemes.
• Labor says this would save taxpayers about $275 million a year in interest and block future privatisation of the electricity network. The Liberal party has pledged a metro expansion to southwest Sydney.
• Mike Newman, leader of One Nation in NSW, criticised Labor's economic record.