State Budget Update

Release Date: 9/04/2019
The TCCI today stated its support of Treasurer Peter Gutwein’s State Budget update and its long-term implications.

“We have argued for many years that we need to restructure and build a public sector that a modern Tasmania needs and can afford,” TCCI CEO Michael Bailey said.

“The TCCI recognises the excellent work by the thousands of public servants Statewide. But the public service in its entirety is just too big.

“The TCCI’s Tasmania Report, authored by Saul Eslake, states Tasmania’s ‘operating expenses’ are 29% of GSP, larger than any other state or territory and well above the average of 15.7%.

“Tasmania needs and deserves a much nimbler State Public Service.”

Mr Bailey said he understood the Treasurer’s Budget update which predicts Tasmania receiving some $500 million less in GST receipts ($300M) and stamp duty ($200M).

“The Tasmanian economy is very different to the State Budget. The underlying economy is very strong - exports, tourism, agriculture, aquaculture and forestry are booming.

“But business and households know things never stay the same and it’s important to cut your cloth accordingly.

“The TCCI is extremely pleased to see the Treasurer remains committed to the Government’s infrastructure investment.”

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