Tasmania’s fiscal outlook has been clearly spelled out in Treasury’s Fiscal Sustainability
Report 2026, which warns the State’s finances are on an unsustainable trajectory without
decisive action.
The upcoming 2026–27 Budget must directly address the structural spending problem by
curbing recurrent expenditure growth and setting out a credible, transparent pathway back
to sustainable surpluses.
"The Government went to the polls saying no new taxes or increased taxes and business
community expects it will honour its promise and deal with the expenditure issues in a
responsible way," said TCCI CEO Michael Bailey.
Business needs confidence that Tasmania can fund essential services and infrastructure
without relying on ever-rising debt and interest costs.
The Budget is the moment to demonstrate discipline.
Media Contact:
Michael Bailey OAM
CEO
0437 322 338