Published: 20 August 2024
Denial of budget reality is no longer an option for Tasmania.
The government last week released the Preliminary Outcome Report for the 2023-24 year, revealing the latest on the state's finances. On Monday of this week, leading economist Saul Eslake released his long anticipated review into the same subject.
First the good news on the 2023-24 year.
Revenue was $500m higher. Despite reduced GST, specific purpose grants were higher, as was own-source taxation and dividends from government businesses.
It was pleasing to see more own source revenue as that's what we need if we are to keep providing services that people expect, need and deserve.
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