Today's interest rate rise is yet another blow for Tasmanians in the middle of a cost-of-living crisis.
We know families are struggling to deal with mounting costs for essentials such as power, fuel and food, yet they are receiving little relief from a Liberal Government with the wrong priorities.
Today's interest rate rise will put more pressure on the state's finances, with interest payments expected to increase to fund record Government debt and deficits as the May budget approaches.
It is becoming clear that Tasmanians will be paying the price for years to come as increased borrowing costs and interest repayments become a serious drag on the budget's bottom line.
Given increased pressure on the state's budget, Premier Rockliff's plan to borrow at least another $460 million for a stadium we don't need now seems more reckless than ever.
Shane Broad MP
Shadow Treasurer
