2025-26 interim Budget supports services, economy and the Tasmanian community

The Tasmanian Government’s significant investment in health, education, housing, and law and order has been outlined in today’s 2025-26 interim Budget.

This is a fiscally responsible budget that will continue to deliver the services that Tasmanians expect and deserve.

Investment in health, education and public order and safety accounts for over 68 per cent of total expenditure across the 2025-26 Budget and Forward Estimates.

Compared to the 2024-25 Budget, investments in health have increased by 12 per cent to $14.5 billion, education has increased by 5 per cent to $9.9 billion, and public order and safety have increased by 9 per cent to $3.9 billion over the next four years.

Premier Jeremy Rockliff said this budget looks to the future with optimism, building on the success of the past decade by delivering for Tasmanians.

“This is an interim Budget that balances our strong economic and social achievements,” the Premier said.

“More than 51,000 jobs have been created since we came to Government, delivering opportunity for Tasmanians all over the State.

“In turn, Tasmanians have also seen more investment in their wellbeing than ever before.

“These are essential investments that are supporting Tasmanians right now and into the future – we will never apologise for investing in the wellbeing of all Tasmanians.”

Treasurer Eric Abetz said the Government was focussed on continuing the positive growth Tasmania has experienced.

“This is a Government that believes in strong finances, strong services and strong families, which together deliver a strong future for Tasmania,” the Treasurer said.

“We are continuing to invest in health, housing, and education services that Tasmanians rely on, while also recognising the fiscal realities that confront us and highlighting the need for remedial action.

“This interim Budget provides over $915 million to meet increased demand for health and mental health services, as part of our record investment of almost $10 million every single day into our health system.

“We are building on our record investment into health infrastructure, with over $770 million invested in this Budget across the forward estimates, which includes redevelopments at all our major hospitals.

“This interim Budget seeks to balance our strong economic and social achievements with a clear need to respond to the challenges we face.

“Building infrastructure is an investment in the future of our State, and this is underscored in our interim Budget with $3.4 billion for infrastructure over four years across the General Government Sector and a further $1.7 billion in equity funding to support infrastructure investment by Government businesses and other entities.

“On our State road and bridge network alone, the Government will invest $1.6 billion, with a further $696 million on hospitals and other health infrastructure and more than $300 million on schools.

“We are making strong progress on our target for 10,000 additional social and affordable homes by 2032. Over $600 million is budgeted to achieve this target, ensuring more Tasmanians can access safe, affordable housing.

“The interim Budget continues the Government’s 25 per cent uplift to the road maintenance investment, ensuring we maintain the quality of our existing roads.

“Today’s Budget is an interim budget, charting Tasmania’s pathway for a sustainable future.”