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Tassie’s Finances Doomed

August 19, 2024 4:38 pm in by
Photo: Pixabay

A new report into Tasmania’s economy has found the state is on track to become the worst in the nation within the next three years with debt soaring to $16 billion in the next decade.

The independent probe was conducted by leading economist Saul Eslake, who submitted the 130 page paper to Premier Jeremy Rockliff and the three Lambie Network MPs this morning (Monday).

“There’s a very strong possibility that Tasmania’s credit rating would be downgraded, possibly more than once.”

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He’s found departmental ‘efficiency dividends’ and ‘vacancy control’ measures are poor policy, and a better plan is raising revenue through higher taxes, something which the state government’s immediately ruled out.

Greens member for Clark Vica Bayley uses the report as evidence the government’s approach needs to change.

“It’s a clear wakeup call that strategies that this government has employed for many years, cutting services, cutting jobs within the public service is not sustainable, it’s not a viable way to manage a budget going forward.”

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