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NewsFederal budget forecasts more GST for TasmaniaBy Matt MaloneyUpdated October 26 2022 - 3:09pm, first published 3:00pmBy Matt MaloneyUpdated October 26 2022 - 3:09pm, first published

3:00pmFacebookTwitterWhatsappEmailCopyTasmania will receive $1.3 billion in GST revenue over the next four years, according to the recent federal budget. The state's population increase has

All articles from our website & appThe digital version of Today's PaperCrosswords, Sudoku and TriviaAll other regional websites in your areaContinue Tuesday's federal budget revealed the

state is set to earn $1.3 billion in GST receipts over four years, which is 10 per cent above what the state government had anticipated or an extra $130 million.

Mr Ferguson said the state's population had increased by more than 30,000 people.

MOST READ: Federal Budget: Tasmania secures haul

"Our population is now 570,000 people so that's the biggest reason that we've actually seen our GST revenue predictions go up," he said.

He said the extra money would be used to pay down some of the debt the government incurred through the COVID-19 pandemic.

"We'll be working very carefully to protect Tasmania's balance sheet going forward," Mr Ferguson said.

"You don't just decide on the strength of one budget night announcement on GST that you then go out and spend $1.3 billion."

READ MORE: Man pleads guilty to breaching family violence order and driving with drugs in his system

Mr Ferguson said he was disappointed that the federal budget did not contain relief for Tasmanians from rising electricity costs.

"It's not good enough in the federal election campaign to say that we will be bringing down power prices by $275 per year and on budget night say power prices going up 50 per cent," he said.

Labor's finance spokesman Dean Winter said he hoped the government wasn't planning to use the extra GST money to fund its proposed Hobart stadium.

"The treasurer appeared to be saying today that he was going to use his GST windfall to pay off the debt that he's built up and we know that part of that debt is going to be building a $750

million stadium," he said.

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us on Google News: The ExaminerShareFacebookTwitterWhatsappEmailCopyMatt Maloney Political reporter for Australian Community Media, based in Hobart.

Political reporter for Australian Community Media, based in Hobart.

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