Tasmania’s budget deficit surges by $500 million, with debt set to exceed $9.5 billion by 2028

2025-02-11 5

Tasmania's budget deficit has surged by half a billion dollars this year, driven by unbudgeted health spending and disaster response costs. A new Treasury report reveals the state's net debt is on track to exceed $9.5 billion by 2028, just three months out from the next state budget.