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How the government's savings exercise will work
Treasury says departments must find $1.47 billion in efficiencies as the government seeks to cut about 1,700 public service jobs by 2029-30.
- On Thursday, Treasurer Eric Abetz released Tasmania's budget targeting $1.47 billion in 'operational efficiencies' and about 1,700 public sector job cuts by 2029-30 to address fiscal challenges.
- Mounting cost overruns, particularly a $506 million bailout for state-owned ferry operator TT-Line, strained Tasmania's budget and contributed to per-person debt levels exceeding all states except Victoria.
- Agencies will achieve savings through projected reductions of about 1,700 full-time roles by 2029-30, though Abetz guaranteed "we will maintain frontline services" despite budget pressures.
- On Wednesday, Abetz told reporters "there will be short-term pain but at the end of the forward estimates we'll have a balanced budget," despite forecasting a $596.7 million deficit for 2026-27.
- Treasury projections show net debt will peak at $9.98 billion in 2028-29 before declining, positioning the government to reach surplus by 2029-30 and secure Tasmania's long-term financial stability.
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8 Articles
Coverage Details
Total News Sources8
Leaning Left5Leaning Right1Center1Last UpdatedBias Distribution72% Left
Bias Distribution
- 72% of the sources lean Left
72% Left
L 72%
14%
14%
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