As the NSW government heralds its expected near debt-free status ahead of this week's budget, it has been urged to address a looming funding gap in health and education.
It's anticipated Tuesday's budget will forecast a large fiscal gap in the state's health and education funding from 2017-18, following Commonwealth cuts to spending in those areas.
"What Labor wants to see is a comprehensive plan for our schools and hospitals in the face of $25 billion in cuts from Mr Baird's federal colleagues," Mr Foley said on Monday.
Premier Mike Baird has so far been unsuccessful in his push for more federal government funding, having previously argued for the GST rate to be increased to address the issue.
"Perhaps Mr Baird's plan is to rely on Bill Shorten becoming prime minister because the only bloke I see in Canberra making a fair dinkum commitment to funding our schools is Bill Shorten," Mr Foley said, referring to his federal counterpart.
The state government has made no major health or education funding announcements ahead of Tuesday's budget.
Treasurer Gladys Berejiklian did however reveal that the state's net debt on June 30 is expected to be close to zero as a share of gross state product - or $663 million.
That figure has been achieved through fiscal discipline and innovative policies such as asset recycling, Ms Berejiklian said, with the state's recent sale of electricity network TransGrid raking in more than $10 billion for the state's coffers.
It's expected the sale will help Ms Berejiklian reveal a healthy surplus when she hands down her second state budget.
A significant chunk of government funding is heading towards state infrastructure, with $12 billion already flagged to go towards the Sydney Metro railway project.
Other sweeteners include a $3.8 billion plan to fix overcrowding in the state's prisons and $300 million for domestic violence prevention.
NSW Labor leader Luke Foley warned the state's debt-free days are numbered.
"This state budget is built on quick sand," he said.
"It's built on the rivers of gold from stamp duty receipts and we know that the Sydney property boom won't last forever".
NSW BUDGET 2016: WHAT WE KNOW SO FAR
* $12 billion for the Sydney Metro railway project
* $3.8 billion for NSW prisons
* $300 million towards preventing domestic violence
* Foreign investors slugged with four per cent stamp duty surcharge when buying homes or apartments
* Extra 0.75 per cent land tax surcharge on residential real estate for overseas buyers
* Mortgage duty, share transfer duty and non-real transfer duty taxes axed to save businesses more than $400 million a year
