The Budget is in surplus by $54.3m this year and forecast to be in balance for every year across the forward estimates, with a cumulative surplus of just over $200m. The Government also remains free of net debt, with General Government Net Cash and Investments projected to be $451.8m as at 30 June 2018.
We’re also ensuring the Government continues to live within its means.
For the seven years from when the Hodgman Liberal Government came to office to the end of the Forward Estimates, annual expenditure growth is forecast to be 2.4 per cent, compared with revenue growth of 2.7 per cent.
A balanced budget gives business confidence to invest and employ more people.
Our Budget discipline also means we can invest more in supporting essential services.
The Hodgman Liberal Government is building Tasmania’s future through investment in important infrastructure across the state.
This $2b commitment includes:
+includes funding already allocated
>includes Australian Government funding