First and foremost, the Liberal Government’s second State Budget is about jobs.
The centrepiece of the 2015-16 Budget is a $315 million jobs package, which will deliver huge benefits right around the State and help create 8,000 new jobs.
An early return to surplus should boost business confidence even further, and enable the Government to invest sustainably into health, education and public safety to get better results.
While there is still more work to be done, Tasmania is now headed in the right direction, and this Budget helps build on the momentum.
Over the last 12 months, there has been a steady improvement in Tasmania’s economy. Over 4,000 jobs have been created, business confidence is up, retail spending is at record highs and our building and construction sector remains strong.
The 2015-16 State Budget builds on our reform agenda to get the fundamentals right. It contains no new taxes or tax increases, and no new savings measures. It strikes the right balance between spending on services now and building for the future.
The Budget gets Tasmania’s finances back in the black, and rather than building up net debt, it sees the Government paying debt off.
This Budget invests $1.8 million in job creating infrastructure, that’s $200 million more than last year’s Budget. Investing in infrastructure means that benefits will flow long after the initial money has been spent and because of our plan, we can do so without falling into the debt trap.