It's time for Eric Abetz to tackle Tasmania's debt. How far will he go?
Tasmania's Treasurer Eric Abetz is set to present the 2026-27 budget amid concerns over the state's financial health. With a projected debt of over $7 billion, the budget is expected to include cuts to essential services like ambulance funding. Independent economist Saul Eslake emphasizes the need for a credible plan to achieve a fiscal surplus by 2029-30.
- ▪Tasmania's budget for 2026-27 will be presented by Treasurer Eric Abetz.
- ▪The state is facing over $7 billion in debt, with warnings of rapid financial deterioration.
- ▪Cuts to ambulance services funding have been announced, despite claims of significant investment in health.
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| Original publisher | ABC News (Australia) |
| Canonical URL | https://www.abc.net.au/news/2026-05-19/tasmanian-budget-preview-cuts-finances-debt/106692296 |
| Publication time | Mon, 18 May 2026 19:24:19 +0000 |
| Retrieval time | 2026-05-18T19:59:56.946Z |
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analysisTasmania's treasurer Eric Abetz talks a big game on debt. But how far is he willing to cut the budget?By state political reporter Josh DugganTopic:BudgetTue 19 May 2026 at 5:24amTue 19 May 2026 at 5:24amTue 19 May 2026 at 5:24amTreasurer Eric Abetz will hand down Tasmania's budget for 2026-27 on Thursday. (ABC News: Kate Nickels)abc.net.au/news/tasmanian-budget-preview-cuts-finances-debt/106692296Link copiedShareShare articleThe week before a state budget is normally a time to drop good news.With around $10 billion a year to be spent, there's bound to be a couple of exciting things to get the Tasmanian public in a good mood.A new grants program for small businesses, record investment in hospitals, maybe even a cut to car rego if you're lucky.It's a bit bleaker this year.Funding…
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