The Minister of Finance, Scott Bacon, today released the 2012-13 December Quarterly Report.

The Quarterly Report has been prepared as part of the State Government's new quarterly reporting framework, and includes details of revenue and expenditure to the end of December 2012.

Mr Bacon said the Mid-Year outcome contained in the report was consistent with budget forecasts, with a Net Operating Deficit of $201.3 million, in line with the revised Budget estimate of a $326.8 million deficit.

"The Tasmanian Government remains committed to meeting its fiscal targets and ensuring our finances remain on a sustainable footing into the future," Mr Bacon said.

"We continue to be net debt free, with a negative net debt of $212.9 million.

"As the report only covers expenditure to the end of December, the cost of the recent bushfires, and support programs to help those affected by the fires, is not included in this report.

"It will be factored into the estimated 2012-13 Budget outcome and forward estimates published in the 2013-14 Budget Papers."

Mr Bacon said the Government would continue to be up front about the challenges facing the state's finances.

"We will continue to provide timely information to all Tasmanians about the state of our finances, and what we're doing to deliver a stronger economy into the future," he said.

"We're tackling these challenges head on and through our $24.5 million Jobs Package we are working to deliver new jobs and opportunities for Tasmanians and stimulate growth in the economy."

As part of the new reporting framework, financial results for the nine months ending 31 March 2013 will be presented in the 2012 13 March Quarterly Report which will be included in the 2013-14 Budget Papers.

A copy of the 2012 13 December Quarterly Report can be found at www.treasury.tas.gov.au.