Peter Gutwein,Premier
The Tasmanian Government has implemented an unprecedented range of measures to support our community and businesses during the COVID-19 pandemic.
Today I tabled a report, which provides an update on the uptake of the initiatives we are providing though our Social and Economic Support Package, which totals around $1 billion.
We have moved quickly to implement the support measures so that those in our community who are in need, including individuals, households and businesses, can receive the support they require during this tough time.
To date, we have implemented initiatives valued at around $200 million to support those most impacted. This includes $111 million in applications to our Local Government zero interest loan program. These measures provide support to around 260,000 households, thousands of businesses and Tasmanians.
In addition, the public sector has been supported with the removal of $258 million in efficiency dividends over the next three years so they can focus on supporting the community as we respond and recover.
In view of the significant support outlined, our expenditure this year is higher, and our revenues are significantly lower, from lower business activity and consumption.
And while our deficit this financial year may well exceed half a billion dollars, we went into the pandemic from a position of strength, and we will use our strong balance sheet to get us through to the other side.
The Social and Economic Support Package Update Report can be found at: www.coronavirus.tas.gov.au
