Live: Big spending on health and housing in 'no surprises' SA budget

South Australian Treasurer Tom Koutsantonis unveils the 2026-27 state budget. (ABC News: Che Chorley)

South Australia's debt is projected to hit to more than $50 billion by 2029-30, but the state's treasurer has forecast $1.4 billion in operating surpluses over the same period.

Handing down the re-elected Malinauskas Government's first state budget this term, Treasurer Tom Koutsantonis said state debt remained "manageable", as billions of dollars continue to be ploughed into a new Women's and Children's Hospital and transport corridor through Adelaide.

There are no major surprises in the budget, with the government instead prioritising delivering on Labor's $2.2 billion worth of election promises, including making public education free for primary and high school students, and fast-tracking housing supply.

Health spending now accounts for about one third of the state's budget. The government is spending $1.7 billion over five years to address rising demand across the public system.

It's the first budget Tom Koutsantonis has delivered since he returned to the treasury portfolio last September.

We will have more analysis and reactions to the budget tomorrow.