The 2025-26 Budget is building a better Tasmania: now, and for the future, by driving the delivery of the 2030 Strong Plan for Tasmania’s Future.

This Budget delivers on what we said we would do by securing record investment in cost-of-living relief, health, housing, education and keeping Tasmanians safe.

Premier Jeremy Rockliff said the Tasmanian Government is doing what matters for Tasmanians.

“This Budget gets the balance right by investing in our essential services and providing support to those who need it most,” Premier Rockliff said.

“Acknowledging the increasing demand on our health system, the Budget will invest $14.5 billion over the next four years in health – almost $10 million each and every day. This investment includes an additional $880 million specifically targeted at meeting the demand for health services.

“This increase is in addition to our significant investments to attract and retain staff, expand primary care initiatives, deliver more oral health appointments and enhance outpatient access.

“Further, we will build on the strong success of our first four-year elective surgery plan with a $70.2 million investment in implementing our second four-year plan, to ensure more Tasmanians can receive their surgeries sooner.

“The 2025-26 Budget continues our strong record of providing cost-of-living relief to Tasmanians with $550 million in relief measures and concessions.

“Tasmanians are now receiving a $60 credit on their energy bills, supported by our Renewable Energy Dividend. Half price bus fares will be extended for all students and regional routes, and we are continuing to expand the number of healthy school lunches we provide, saving Tasmanian families up to $950 a year.

“Our aspiration for more Tasmanians to realise the dream of home ownership continues through our successful Stamping Out Stamp Duty initiative, while we also double down on our ambitious goal of 10,000 more social and affordable homes by 2032.

“Keeping Tasmanians safe is a priority of our Government, and our $1.7 billion investment into policing and emergency services over the next four years will ensure our police force has the tools and equipment to keep them safe, giving greater confidence to the community.”

Treasurer, Guy Barnett, said the 2025-26 Budget was delivering on the things that matter most to Tasmanians, while providing a sensible pathway to surplus.

“The Budget continues our Government’s strong track record of responsible economic and financial management, while increasing investment in services and infrastructure to levels never seen,” the Treasurer said.

“We will invest $9.9 billion into education, children and young people - an additional five per cent, to ensure our young people and children get the opportunities they deserve.

“To keep our economy growing and Tasmanians in jobs, we must continue our bold agenda to deliver generational infrastructure across the State.

“That’s why the Budget invests $3.5 billion over the next four years into infrastructure projects, including new and improved roads and bridges, hospitals, schools and childcare centres.

“This includes $1.6 billion in roads and bridges over the next four years, $400 million alone over the next financial year, and $692.6 million over the next four years for hospitals, health infrastructure and equipment upgrades.

“The Tasmanian Government also continues to prudently and responsibly manage its economic outlook and public finances.

“By providing Government services in a more effective, innovative way, we can deliver better outcomes for Tasmanians. The 2025-26 Budget focuses on ensuring the services we deliver are as productive and efficient as possible, while maintaining efforts to boost frontline services – as Tasmanians expect.

“This Budget is building a better Tasmania: now, and for the future.”