Peter Gutwein

Premier of Tasmania

15 July 2019

Elise Archer, Acting Treasurer

Moody’s confirms growth and stability in Tasmanian economy

Today’s Moody’s Investor Service Credit Opinion of Tasmanian State Government finances shows that our long term credit rating remains stable at Aa2.

Moody’s notes that despite softer economic conditions throughout the nation, the Tasmanian economy is resilient and diverse and continues to perform above its long term trend, with the strengthening local economy creating jobs.

Moody’s also recognises our tourism industry for driving employment growth and private investment.

The Hodgman Liberal Government has worked hard to get the budget back into a sustainable position after the mess left by the previous Labor-Green Government.

Despite revenue downgrades due to decreased distributions from the national GST pool, decreased stamp duty receipts, unprecedented demand pressures in our health system and the devastating summer bushfires, we expect to deliver our fourth surplus in a row in the 2018-19 financial year, and we are forecasting surpluses across the Budget and Forward Estimates.

The Hodgman Liberal Government is committed to responsibly delivering record investments into health, education and protecting our most disadvantaged, whilst underpinning our economy by building infrastructure we need now and for the future.

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