Budget deficit grows to $327m

The state government has announced that its budget deficit has increased by $43.8 million to $327 million in 2012-13.

The government had initially budgeted for a net operating deficit of $283 million.

Mr Bacon also announced additional funding for:

* $24.5 million for the Tasmanian Jobs Packaged announced by the Treasurer;

* $35.9 million for Out-of-Home Care and Child Protection Services;

* $6 million for the National Disability Insurance Scheme Launch Sites; and

* $10 million for Corrective Services.

The $24.5 million jobs package includes:

* Doubling the first home owners grant for construction of new homes to $15,000. The First Home Builders Boost will go for 18 months beginning on January 1, 2013. The government  estimates this will support the construction of 1100 new first homes and the creation of 1800 new jobs.

* Reintroducing the payroll tax rebate for all new jobs created from today up until June 30, 2014 and maintained until June 30, 2015.  According to the government, the scheme created 876 jobs in 2009/10 and 843 jobs in 2011-12.  It says that based on previous results it is expected the tax rebate will support the creation of 850 new jobs.

* $2.5 million in additional funding for the Tasmanian Government Innovation and Investment Fund or TGIIF to leverage around $11 million in private investment and creating 170 new jobs.

* $3 million for community infrastructure including maintenance, renovations and upgrades of Community and Neighbourhood houses. 30 new jobs.

* $2.8 million investment in Northern infrastructure projects including the Seaport boardwalk expansion, the upgrade of lights at Aurora Stadium and the creation of the Hollybank Mountain Bike Park for the combined creation of 80 new jobs.

* Tassal processing plant: The State Government is providing a grant of up to $440,000 to assist in the upgrade of infrastructure and systems required for processing at George Town Seafoods. 22 new jobs.

* Clearing the way for Parliament Square to secure $100 million in private investment and 400 jobs.

* An additional $1 million for tourism marketing to promote Tasmania and maximise take up of additional airline seats.

* $400,000 to support the dairy industry's 'Filling the Factories' program which aims to secure another 355 megalitres of milk supply in Tasmania and create 550 on-farm jobs.

Smartphone
Tablet - Narrow
Tablet - Wide
Desktop