The Rockliff Liberal Government welcomes Moody's latest credit opinion, which confirms our long-term plan is working for the Tasmanian people.
Global ratings agency Moody's has confirmed the State's Aa2 credit rating, with a stable outlook forecast.
Moody's notes:
* Tasmania will continue to "implement policies aimed at maintaining its solid and diverse, albeit small economy, in line with the State's sound management of its finances in the past";
* The State's new fiscal strategy "provides more financial transparency and a more holistic view on the Government's finances"; and
* The "State's debt burden is moderate compared to its peers."
Treasurer Michael Ferguson said it was fantastic news that the Liberal Government's strong financial management has yet again been recognised by Moody's.
"Having a strong Budget has allowed us to stick to our long-term plan and do what matters for all Tasmanians, such as tackling cost of living, supporting people into their own homes and ensuring Tasmanians get the healthcare system they deserve," he said.
"The updated opinion recognises the challenges of persistent inflation, expenditure pressures and the Government's ambitious investment in infrastructure. In particular, we feel pleased to receive a strong endorsement of our new fiscal strategy, which was predictably criticised by the Labor opposition.
"Overall, the rating outlook reflects Moody's expectation that state revenues and Commonwealth funding (including GST) will remain solid despite a projected slowing in the Australian economy.
"This Government's sound financial management stands in contrast to Labor's multi-billion-dollar budget black hole and Rebecca White's 'this policy will pay for itself Magic Money Tree.'"
