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Tasmanian Government
Premier of Tasmania
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  • Budget 2024
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    • Our Plan
      • Taking Action on the Cost of Living and Providing More Housing Options for Tasmanians
        • Overview
        • More Buses – Half the Fare
        • Making it easier for Tasmanians to own their own home - 5% Short Stay Levy
        • Making it easier for Tasmanians to own their own home - Stamping out Stamp Duty for First Home Buyers
        • Unlocking more affordable rentals for Tasmanians - Strong Plan for Tasmanian Renters
        • Tasmania First Energy Guarantee Supercharged Hydro Renewable Energy Dividend
        • Growing our Housing Supply
        • Relieving Land Tax Pressures
        • 10,000 Social and Affordable Homes for Tasmanians
        • More Quality Childcare and Early Education for Tasmanian Families
        • Supporting Stronger Communities
        • Doubling our Healthy School Lunches Program
      • Building an Even Better Health System
        • Overview
        • Our Nation-Leading GP Guarantee
        • Site confirmed for Launceston hospice
        • More Paramedics Out Saving Lives
        • Building a Better Health System
        • Delivering More Hospital and Health Services
        • Strengthening Mental Health Services for Tasmanians
        • Delivering the Nation’s Best Parent Support Service for Mothers and Babies
      • Our Strong Plan for a Stronger Economy
        • Overview
        • Supporting Tasmanian Small Businesses
        • Earth Works Training – Dig, Drive, Go
        • Tasmania First Energy Guarantee - Our Strong Plan to return Hydro to its Foundational Principles
        • Sky’s the Limit for Hydro
        • Creating the Energy Tasmania Needs
        • Boosting the Future of Hospitality in Tasmania
        • Growing Incat’s Future
        • A Strong Plan to grow Tasmania’s salmon industry
        • Keep Tasmania’s Forestry Industry Strong
        • Backing our World-Class Salmon Industry
        • Mining to Support our Future
        • Strong Plan to Secure the Future of our Native Sawmill Industry
        • Strong Plan to back in our Agriculture Sector
        • Liberals’ Fiscal Strategy
        • A Strong Plan to boost our high-vis army
        • A strong plan for women in agriculture
        • Providing certainty for plantation sawmill supply
        • Southern Tasmanian Roads and Bridges
        • Northern Tasmanian Roads and Bridges
        • North-West and West Coast Roads
        • Taking Tourism to the Next Level
        • Chocolate Experience at Cadbury
        • A Strong Plan to Support Local Jobs and Investment
        • A Job-Ready Generation of Young Tasmanians
        • Investing in the quiet heroes of the open road
        • Restoring stability, certainty and integrity to the Tasmanian Parliament - new "Stability Clause"
        • A Strong Plan for Trade, Advanced Manufacturing and the Antarctic
        • Advancing the Technology Sector
      • Supporting Our Communities
        • Overview
        • Tasmanian Government expenditure on Macquarie Point multipurpose stadium to be capped
        • Liberals committed to poker machine harm reduction, with new $100,000 exclusion scheme campaign
        • Liberals to invest in Exeter road safety
        • Liberals to invest in Scottsdale road safety
        • Securing popular Festa Italia for the next four years
        • More Ferries across the Derwent
        • More Northern Public Transport Options
        • Supporting Tasmanians who own Antique Firearms
        • Devonport – Building a Living City
        • Liberals will match Labor on Glenorchy pool
        • Creating Generations of Safe Young Drivers - Nation-Leading Driver Training Program in all Schools
        • Majority Rockliff Liberal Government will keep UTAS in Sandy Bay
        • Backing in a new home for footy umpires
        • Strengthening the Racing Industry
        • Strong Plan to Crack Down on Crime
        • Strong Plan secures Estia Festival
        • Strong Plan to Revitalise the West Coast
        • Delivering our commitment to our Volunteer Marine Rescue units
        • Backing in the Southern Beaches Swim Centre
        • Liberals to deliver $25 million upgrade of Dodges Ferry Primary School
        • A Strong Plan for Lilydale
        • A Strong Plan for walkability and tourism in regional communities
        • A Strong Plan to support East Coast mountain biking
        • Legislation to rid Tasmanian waterways of derelict vessels
        • A 2030 Strong Plan for our transport industry
        • Strong Plan for King Island’s Future
        • Supporting our Multicultural Communities
        • Helping motor enthusiasts fire on all cylinders
        • Activating Flinders, the Islander Way
        • A Strong Plan to support at-risk young people
        • Legislation change to enable genuine social poker in Tasmania
        • Supporting a Stronger Arts and Creative Sector
        • A Strong Plan for Education
        • Strong Plan slam dunk for basketball
        • Libs’ strong plan for South Burnie Bowls Club a resting toucher
        • Supporting our Veterans
        • A Strong Plan for Tasmanian Fishing
        • Backing our Fire and Emergency Services to Keep Communities Safe
        • Keeping our Parks and Environment Strong
        • Supporting Tasmanian Women
        • A Strong Plan for Burnie’s future
        • A Strong Plan for the East Coast
        • A Strong Plan for Recreational Hunting
        • A Stronger Justice System
        • Tasmanians young and old set to benefit under our Strong Plan
        • Supporting Tasmanians with Disability
      • Community Commitments
        • Overview
        • Community Commitments - Bass
        • Community Commitments - Braddon
        • Community Commitments - Clark
        • Community Commitments - Franklin
        • Community Commitments - Lyons
  • Our Plan
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    • Your Government
      • Jeremy Rockliff
      • Guy Barnett
      • Eric Abetz
      • Nick Duigan
      • Felix Ellis
      • Jane Howlett
      • Roger Jaensch
      • Madeleine Ogilvie
      • Jo Palmer
      • Jacquie Petrusma
      • Kerry Vincent
      • Simon Behrakis
      • Rob Fairs
      • Simon Wood
      • Leonie Hiscutt
      • Michael Ferguson
      • Mark Shelton
      • Nic Street
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    • Budget 2024
      • Budget Overview
      • Treasurer's Budget Speech
      • Bass
      • Braddon
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      • Franklin
      • Lyons
  • Budget 2024

Budget 2024

Tasmanian Budget 2024-25

Budget Overview
Treasurer's Budget Speech
Media Releases
Full Budget Papers

Message from the Premier

Jeremy Rockliff

The 2024-25 Budget drives the delivery of our 2030 Strong Plan for Tasmania’s Future, which takes action right now on the things that matter to Tasmanians and makes life more affordable.

It secures record investment in cost-of-living relief, health, housing and education.

Our 2030 Strong Plan for Tasmania’s Future keeps the State’s economy strong, creates more jobs, and makes Tasmania the best place to live, work and raise a family.

It’s a Plan that eases the hip-pocket pressures Tasmanians are facing - through energy bill relief payments, half price bus fares, and healthy lunches in schools – as well as stamping out stamp duty for thousands of Tasmanians.

It’s also a Plan that gives young Tasmanians a future here in Tasmania, no longer needing to move away to learn a trade or get a job, instead flourishing here in their local community.

Tasmania is now a growing state with a story to tell – growing in diversity, industry, innovation, attraction, and creativity.

But to secure Tasmania as a globally unique place to live, work and visit, we need the facilities and infrastructure to deliver the services our people need.

The Budget prioritises funding to build a better health system, make housing more accessible and affordable, and keep Tasmanians safe.

It builds on the success of our strong infrastructure agenda, with a further $5.1 billion to be invested into job-creating projects that will deliver new hospitals, schools, training facilities and roads and bridges.

And, it includes measures to improve access to essential services such as primary health care, early childhood and education care, and affordable housing.

Tasmania has come a long way, but there is more work to be done.

We must keep Tasmania moving forward and continue to grow our economy so we can deliver the infrastructure and services Tasmanians need and deserve.

This is what the 2030 Strong Plan for Tasmania’s Future is all about.


Jeremy Rockliff, Premier of Tasmania

Message from the Treasurer

Michael FergusonOver the last six years, Tasmania has been the strongest performing state economy in the country, growing by 19 per cent over that time.

Our economy is expected to have grown by a further two per cent in the 2023-24 financial year, and the outlook remains positive.

Tasmania’s labour market continues to be incredibly strong, with unemployment at a near-record low of 4.1 per cent.

Our population is also at a record high with nearly 575,000 people now calling Tasmania home, and there are 47,000 more Tasmanians employed than in 2014.

Tasmania led the country in wages growth in 2023-24, with an increase of 5.1 per cent in the Wage Price Index.

However, high inflation and interest rates continue to put significant cost of living pressure on Tasmanian households.

This Budget delivers record investment in cost-of-living relief and supports Tasmania’s most vulnerable people, while at the same time helping to develop stronger communities.

Funding of $118 million over four years is provided for new housing, energy and public transport concessions, which is in addition to the $344 million allocated to existing concessions for energy, rates and water and sewerage bill relief.

This Budget delivers additional funding of almost $1.4 billion, including $469 million committed to health services and investment in health infrastructure, $242 million for education and education facilities, $105 million for community service organisations and $59 million for police and emergency services.

This Budget fully responds to all 191 recommendations from the Commission of Inquiry into the Tasmanian Government’s response to Child Sexual Abuse in Institutional Settings, with $425 million of additional funding over four years to improve protective systems and keep our children safe.

This Budget also secures strong investment in infrastructure, with $5.1 billion to continue the Tasmanian Government’s long-term agenda of delivering modern assets to support future growth. This level of investment is a key component of the 2030 Strong Plan for Tasmania’s Future, which ensures our roads, rail, ports, hospitals and schools all support the community’s future needs and prioritises economically productive investment.

We are securing record investment in the provision of essential services, including in health, education and law enforcement to develop stronger communities so that Tasmania is the best place to live, work and raise a family.


Michael Ferguson, Treasurer

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