Message from the Premier

The 2026-27 Budget continues to drive the delivery of our 2030 Strong Plan for Tasmania’s Future, enabling a strong economy and a caring community.

It secures significant investment in the services and infrastructure that Tasmanians must have now, and for the future.

It is a Budget that ensures our economy continues to be strong, resilient and well-positioned for years to come. It recognises that our nation and the world are facing turbulent times, while giving us the headroom to handle the challenges ahead.

To help Tasmanians, the Budget delivers targeted cost of living relief measures, including a one-year extension of free public transport so that more Tasmanians can move around our State at no cost.

We are delivering fairer, cheaper insurance for Tasmanians through the creation of TasInsure, with legislation to establish the state-owned authority to be delivered this year.

The Budget continues to deliver record investments in health services, including tens of thousands of additional bulk-billed GP appointments, made possible through our new TassieDocs initiative. These appointments will mean more Tasmanians can see a GP closer to home, and ease pressure on our hospitals.

Helping Tasmanians into their own home is a priority for our Government. The 2026-27 Budget continues to support Tasmanians into their first home through the First Home Owner Grant, as well as the expanded MyHome Shared Equity Program, which has already helped more than 1,000 households realise the dream of home ownership.

Tasmania maintains its strong economic position, with Treasury forecasts showing about 8 per cent growth in real per-capita terms over the next four years, outstripping population growth and placing Tasmania ahead of every other Australian jurisdiction. The 2026-27 Budget builds on this success to ensure we continue to attract strong private investment and a resilient business community.

The infrastructure investment pipeline has reached almost $40 billion, with the Budget delivering new and improved roads, hospitals, schools and generational community and sporting infrastructure. These projects are driving significant economic activity and creating thousands of jobs.

The Tasmanian Budget confirms that we are getting the balance right.

It makes the savings needed to return to a balanced budget sooner, whilst securing the services and infrastructure Tasmania must have now, and for the future.

Jeremy Rockliff, Premier of Tasmania

Message from the Treasurer

The 2026-27 Budget is delivering a strong economy and caring community.

We have seen a decade of rapid growth, with our economy now worth a record $42.8 billion.

Unemployment has consistently remained among the lowest in the nation.

Tasmania’s businesses remain some of the most confident in the nation, supported by strong business conditions.

Now is the time to ensure we are getting the balance right.

It recognises that our nation, and the world, are facing turbulent times, and, in turn, we must respond to this uncertainty by delivering a Budget that can navigate it.

We are making the sensible savings needed while continuing to invest in the essential services and productive infrastructure that Tasmania needs to thrive now and into the future.

We are continuing our strong investment in the things that matter to Tasmanians – health, housing, cost of living, and more.

The 2026-27 Budget will invest over $15 billion into the Tasmanian Health System, continuing our strong commitment to the health and wellbeing of Tasmanians.

Investment in housing continues, with almost $900 million in the 2026-27 Budget.

Cost of living and education, public transport and tourism, roads, our veterans, Tasmanians living with disability and our emergency services are all key pillars the 2026-27 Budget supports.

We are getting the balance right and returning to a stronger fiscal position, moving to an operational balance in two years, and a fiscal balance in four.

We are doing this without increasing taxes, mindful of the cost of living pressures our fellow Tasmanians are already facing, and maintaining those services on which they rely while our economy continues to grow.

As a nation, we are navigating an uncertain geopolitical landscape that is having real impacts here at home.

This sensible pathway will be central to maintaining our strong position in the future.

Eric Abetz, Treasurer