The challenge we face as we recover and rebuild from the COVID-19 pandemic has two elements, it is both a health crisis and an economic one as well.
In the face of the most deadly global pandemic the world has seen in a century, our response must be proportionate and it must be strategic. We entered the pandemic from a position of strength and used our balance sheet as an economic stabiliser, delivering the largest economic and social support package in the nation as a proportion of our economy, at over $1 billion.
In this budget we will continue to leverage our strong balance sheet to stimulate our economy, support our community, attract investment and support jobs through targeted initiatives and record infrastructure investment.
Over the next four years this budget provides for nearly $5 billion of infrastructure investment to support around 25,000 jobs and increase aggregate demand right across our economy.
We will build the intergenerational infrastructure communities need, we’re backing Tasmanian business, supporting their recovery and growth, and making it easier for them to employ.
This Budget contains record funding into health of $9.8 billion, $7.5 billion into education, $2.4 billion into roads and bridges as well as more than $300 million into housing.
Just as we worked together to get on top of this virus we must all continue to work together to rebuild this beautiful State, not just for now, but for generations to come.