Update on the 2025-26 Budget

The Tasmanian Government will deliver an interim State Budget in November.

Treasurer Eric Abetz said due to the shortening of the customary six-month timeframe to prepare a budget to two months, the 2025-26 Budget will, by necessity, be an interim budget.

“The interim budget will ensure essential funding continues until the full budget is handed down in May next year, enabling the continued provision of essential services to the Tasmanian community, Treasurer Abetz said.

“It will not be the same Budget presented to Parliament earlier this year and not all previously committed funding will be included.

“Budget repair measures already underway will continue, including the productivity and efficiency measures along with the state service non-essential hiring freeze.

“Our Government is serious about budget repair, and we are committed to working across the Parliament as we prepare for the 2026-27 Budget.

"Our Multi-Partisan Budget Consultation Panel has met three times, and we thank Members of Parliament for their collaborative approach.

“We are delivering for Tasmania by using commonsense and compassion to deal with challenges.

“The truncated timeframe to prepare this year’s Budget means that additional budget repair measures will be worked through as we develop next year’s budget.”

The 2025-26 Budget papers will be presented in a streamlined form, reflecting the nature of the interim budget.

Budget figures by output group will remain as in prior papers to enable proper Parliamentary scrutiny.