Tassie’s State Budget 2024: All you need to know in minutes

The State Budget delivered some big numbers, here’s a breakdown of the key things to know at a glance.

Premier Jeremy Rockliff with Treasurer Michael Ferguson in the budget lock up 2024. Picture: Department of Premier and Cabinet

Treasurer Michael Ferguson handed down the 2024/25 Budget in state parliament on Thursday, saying it was a “budget for the times”.

The state blew its budget by $1.4bn to spend a record $10bn last financial year and will attempt to trim 3.5 per cent from last year’s expenditure to $9.7bn in 2024/25.At the same time, revenue is expected to grow 4.2 per cent to $8.9bln.

Here’s our quick guide to the Budget

AT A GLANCE:

• Revenue: $8.9bn.
• Expenditure: $9.7bn.
• Deficit: 792m.
• Net debt: 5.4bn.
• Health: $3.1bn
• Education: $2.3bn
• Infrastructure: $1.1bn
• Public order: $909m
• Transport $547m.

>> STATE BUDGET REVEALED: WHO GETS WHAT

MAJOR MEASURES:

* $211m for electricity concessions.

* $188m school building blitz.

* $90m for pensioner council rate relief.

* $88m for 44 more doctors and 25 more nurses at the Royal Hobart Hospital.

* $42.3m for water and sewerage concessions.

* $21.7m for new ambulance stations and ambulances.

* $20m for new ferry terminals at Lindisfarne, Wilkinsons Point and Sandy Bay.

* $16.6m for 60 more police.

* $15m for a new Diagnostic Breast Imaging Project and $10m for a new Cancer Wellness Centre.

* $15m for an emergency services hub in Kingston,

* $14.4m for new Renewable Energy Approvals Pathway.

*$14.1m for Metro Tasmania driver recruitment and retention,

* $12m for a 2030 Visitor Economy Strategy to boost tourism.

* $8.25m to enhance Mt Field as a year-round destination

* $4m for a new Mother Baby Unit at the Royal Hobart Hospital.

* $1.8m for small business energy audits.

>> ANALYSIS: O MONEY TREE, WHERE ART THOU

Originally published as Tassie’s State Budget 2024: All you need to know in minutes