Government to slash 1,700 jobs as Abetz looks to rein in Tasmanian spending
The Tasmanian government plans to cut 1,700 jobs as part of a budget strategy to reduce a projected $596.7 million operating deficit. Treasurer Eric Abetz has outlined $1.5 billion in budget cuts over the next four years, focusing on operational efficiencies across government departments. The state aims to achieve a surplus by 2029-30, despite the anticipated rise in debt to $8.4 billion by the end of 2026-27.
- ▪Treasurer Eric Abetz has announced $1.5 billion in budget cuts over the next four years.
- ▪The state is projected to have a $596.7 million operating deficit in 2026-27.
- ▪1,700 jobs will be cut through natural attrition and voluntary redundancies.
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Tasmanian state budget 2026: Government to slash 1,700 jobs as Eric Abetz looks to rein in spendingBy state political reporter Josh DugganTopic:BudgetThu 21 May 2026 at 3:00pmThu 21 May 2026 at 3:00pmThu 21 May 2026 at 3:00pmTreasurer Eric Abetz is attempting to rein in the state's debt. (ABC News: Hamed Akrami)In shortTreasurer Eric Abetz has outlined around $1.5 billion in budget cuts over the next four years to balance the state's budget.Tasmania will run a $596.7 million operating deficit in 2026-27, and surpluses in the following years.What's next?The state's debt is expected to hit $8.4 billion in the first year of this budget and peak in 2028-29.abc.net.au/news/tasmanian-state-budget-2026-cuts-and-debt/106695336Link copiedShareShare articleTasmania's government departments will be…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).