Federal Budget reaction Thu 10 May 2012 Lara Giddings Premier The Premier, Lara Giddings, said she would be considering the detail behind the 2012/13 Federal Budget closely to determine its full impact on Tasmania. Ms Giddings said a $12 billion write-down in Federal revenues would inevitably have an impact on Tasmania. "Wayne Swan has tonight echoed much of what I have been saying for some time about the impact of global pressures on our economy and our revenue base," Ms Giddings said. "Clearly all governments are having to take action to manage their budgets in response to these challenges and Tasmania is no different. "Tasmania has already experienced a loss of more than $1.8 billion in GST and state-own revenue across the forward estimates and tonight's Budget confirms a further decline of $114 million for the next financial year based on our estimates in the mid-year financial year. "The State Government will include our Treasury's estimates for GST revenue across the Forward Estimates in our own Budget next week. "This just makes it all the more important that we follow-through with our responsible financial management. "It also highlights the folly of Tony Abbott's support for a per-capita GST distribution method, which would rip up to $700 million out of Tasmania each and every year." Ms Giddings welcomed the commitment to extend a number of National Partnership Payments that were due to expire in 2011/12. "However we will continue to work with the Commonwealth to preserve programs such as Digital Education Revolution and Home and Community Care which expire in the coming financial year." Ms Giddings noted the Federal Government's commitment of $1 billion towards the National Disability Insurance Scheme over the next four years. "This is a good down payment which includes administrative and start-up costs but there is still a lot of work needed to determine how the scheme will be funded in full. "The Tasmanian Government will continue to pursue opportunities to host a trial of the NDIS, but it remains our view that the scheme should be fully funded by the Commonwealth, as recommended by the Productivity Commission."