News

All the latest news and views from the CPSU team

Report shows debt down

THE Tasmanian Government’s announcement that the state will be out of net debt four years earlier than expected is a good sign for the state.

Yesterday’s Preliminary Outcomes Report shows that the state’s gone $216 million into the black rather thean the predicted $134 million net debt for 2012-2013.

This result comes off the back of hard yards put in by State Servants, job cuts and agency budget cuts.

The better than expected revelation hopefully makes way for some capacity to make changes in the Government’s ¬†policy setting.

No Comments