Tasmania’s growing economy continues to show resilience with high business confidence, strong private investment and historically low unemployment.

The 2026-27 Budget delivers the savings needed to balance the budget while continuing strong investment into health, housing, cost of living and infrastructure.

Premier Jeremy Rockliff said this Budget delivers a strong economy and caring community, while recognising that our nation, and the world, are facing turbulent times.

“We cannot pretend Tasmania is insulated from what is happening globally,” the Premier said.

“The world has become more uncertain since earlier Budget forecasts, and in turn we have acted.

“The 2026-27 Budget ensures our economy continues to be strong, resilient and well-positioned for the future.

“Even with tighter settings, frontline services remain the priority and the Budget backs in frontline services and provides additional costs of living measures, including free public transport.”

Treasurer Eric Abetz said when conditions change, responsible governments must change with them.

“Interest rates are rising, with three rate rises already this year, inflation is on the march and we’re responding,” the Treasurer said.

“We are making savings now, so we have the headroom to handle the challenges ahead.

“We’re supporting Tasmanians through these uncertain times with energy, water and sewerage concessions, free school breakfasts and lunches, and strong investment into the key support services Tasmanians rely on.

“The Tasmanian Government is getting the balance right and making the savings needed, whilst continuing to deliver the services and make investments into the intergenerational and productive infrastructure that Tasmanians must have now, and for the future.”