15 August 2019
The 2018-19 Preliminary Outcomes Report, released today, confirms the Hodgman majority Liberal Government has delivered yet another balanced State Budget, returning a modest surplus of $101.9 million.
The Report shows the Government is on track to deliver a surplus for the fourth year in a row of approximately 1.6 per cent of revenue.
At the same time, the report shows that the Government continues to have a strong balance sheet, holds net cash and investments, as opposed to net debt, which puts us in a strong position to deliver the record infrastructure investment in the 2019-20 Budget.
Only by keeping the Budget strong can we deliver record investments in health, education and keeping the community safe, as well as building the infrastructure our growing state needs.
Such strong results do not happen by accident, they reflect the Hodgman majority Liberal Government’s long-term vision and Plan to grow the economy and create jobs. This plan is underpinned by our most recent State Budget which will maintain this momentum, and invest for future growth
It’s a Plan which has seen our economic growth become the strongest in the nation and around 13,000 jobs created since we came to office.
While we have come a long way in the last five years, we know there is more to do, which is why keeping the State Budget balanced is key to driving confidence, which in turn supports economic growth, attracts investment and creates even more jobs for Tasmanians.
The final audited budget outcome for 2018-19 will be published in the Treasurer's Annual Financial Report, which is due by 31 October.
A copy of the Preliminary Outcomes Report can be found at www.treasury.tas.gov.au