The recent Federal Budget demonstrates the benefits which flow from having a strong partnership between State and Federal Liberal Governments working together to achieve great things for Tasmania.
The Turnbull Government announced in its Budget it will invest a record $1 billion in Tasmania’s infrastructure – key investments which will boost our economy, grow jobs and develop our infrastructure for the long-term future.
The record investment included a $461 million commitment to replace the Bridgewater Bridge, a critical piece of economic infrastructure to the whole of Tasmania, as the gateway to the State’s capital.
The Turnbull Government’s commitment for Bridgewater Bridge is in stark contrast to the ‘crumbs’ offered by Labor’s Bill Shorten and Rebecca White.
Additionally, $400 million has been committed to fund improvements for our Roads of Strategic Importance, coupled with funding of $59.8 million for the Tasmanian Freight Rail Revitalisation Program.
By improving our road and rail networks, we will deliver the enhanced efficiency and productivity necessary for long-term economic growth.
The Federal Budget ensures Tasmania will see increased funding for health, education, housing and aged-care funding.
Importantly, the tax relief announced in the Budget will see two out of three working Tasmanians keep more of their money in their pocket. More money in the pocket of working Tasmanians, will flow through to increased spending in Tasmanian businesses and lead to stronger economic growth.
The 2018-19 Federal Budget is very welcome, it provides significant funding to Tasmania, and complements our Plan to take Tasmania to the next level.