The September Quarterly Report on the 2019-20 Budget has been released and is available on Treasury’s website.
The report shows the budget is on track and the quarterly outcome is similar to previous first quarter results. This is due primarily to cash flow timing regarding expenditure, including grants and subsidies being paid in full in the first quarter, while revenue such as Commonwealth grants and State taxation, is received over the course of the year.
The Government’s long-term disciplined economic management is delivering record investment in health, education and infrastructure, and has delivered some of the highest business confidence levels in the nation, as well as contributing to the fastest growing economy in the country, leading to more jobs being created.
Since we came to Government nearly 16,000 jobs have been created, but we know there is more to do.
The Hodgman majority Liberal Government is getting on with our Plan to grow the economy, create more jobs, and invest record funding into essential services to protect the Tasmanian way of life.