Tasmania’s economy is booming, and it is now a better place to live than ever before.
The latest classification from Standard and Poor’s, that retains Tasmania’s AA+ credit rating, confirms the strong financial management of the Hodgman Majority Liberal Government and its strong Budget position. This is important, because a strong budget enables the Government to make record investments into health, education and infrastructure, to deliver the services that Tasmanians need and deserve.
The credit rating by Standard and Poor’s highlights the importance of the Government’s commitment to implementing savings and keeping expenditure growth under control. Standard and Poor’s said:
"We view Tasmania’s financial management as extremely strong."
"… Tasmania’s experienced management team and exceptional liquidity coverage continue to underpin the state’s creditworthiness."
"… we still expect Tasmania to achieve solid operating surpluses…"
It is clear the Government’s plan is working, with the ABS last week confirming Tasmania as the third fastest growing state in Australia.
The 2018-19 Budget focusses on building for the future and taking Tasmania to the next level.
