Tasmanian Treasurer defends fiscal policy amid forecasts of growing deficits and debt.

Tasmanian Treasurer Guy Barnett defended the state's fiscal policy despite a forecasted increase in the operating deficit to $1.296 billion and net debt reaching $9.64 billion by 2027-28. The government plans to return to surplus by 2030, though opposition and economist Saul Eslake criticize the approach. The state will spend more on services and infrastructure, with $666 million allocated over four years, including $345 million for health.

6 weeks ago
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