Tasmania's net debt is projected to exceed $16 billion by 2034/35 due to policy decisions by the state's Liberal government, according to an independent review.
Tasmania's finances are predicted to worsen significantly within the next three years, with the state's net debt expected to reach over $16 billion by 2034/35, according to an independent review conducted by economist Saul Eslake. The report attributes the deterioration in Tasmania's financial position to policy decisions made by the state's Liberal government, which has been in power since 2014. The review suggests raising more revenue through payroll tax, car registration, and mining royalties, but the government has ruled out new or increased taxes, committing instead to cost-of-living relief and service delivery.
August 18, 2024
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