Peter Gutwein,Treasurer
The Treasurer's Annual Financial Report 2018-19 (TAFR) confirms the Hodgman majority Liberal Government once again has balanced the budget and delivered a modest surplus for the fourth year in a row of $66 million, while remaining net debt free, holding $774 million in net cash and investments.
Furthermore, across the Total State Sector, which includes our Government businesses, we also achieved our fourth surplus in a row of $108 million and the Total State Sector remains net debt free holding more than $1 billion in cash.
The Government's capacity to deliver a balanced budget means we are able to continue to invest in the services that matter to Tasmanians – delivering record investments in health, education and infrastructure. This drives confidence in our economy and leads to more jobs.
This is in stark contrast to the performance of Labor and the Greens when in government, where deficit followed deficit, 10,000 jobs were lost, and the economy went into recession.
While we have come a long way in the last five years, we know there is more to do, which is why our strong budget management is key to driving confidence, supporting economic growth, attracting investment and creating even more jobs for Tasmanians.
