The Hodgman Government is determined to keep the budget in the black, because a balanced budget means we can invest more in essential frontline services and vital job-creating infrastructure as well as underpinning business confidence.
The September Quarterly Report released today shows that the Government is on track for a surplus this financial year, after delivering the first surplus for six years in 2015-16.
The Report confirms Standard and Poor’s opinion that the Government has the budget under control and that the State is heading in the right direction. Last month, Standard and Poor’s said that “we consider the State of Tasmania has very strong financial management, strong economy, exceptional liquidity, and low contingent liabilities.”
The Report shows that expenditure and revenues are on track for this time of the year.
The Hodgman Government will continue to manage the budget sensibly and prudently.
The December quarter update will be released as part of the Revised Estimates Report 2016-17, which will be released in mid-February 2017.
The September Quarterly Report 2016-17 can be found at www.treasury.tas.gov.au
Peter Gutwein, Treasurer