The state government will release a stimulus package to counter the economic impacts caused by coronavirus but the value of the package will not be known until next week.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
Premier Peter Gutwein met with 20 industry representatives on Wednesday to discuss a response to the impacts being felt by Tasmanian businesses.
Mr Gutwein said discussions revealed cash flow for the state's small business sector would be a problem into the future and the construction industry could see a slow down in work in a time of high demand.
He said travel bans had already impacted the tourism industry with 16 tourism businesses having reported negative impacts.
Mr Gutwein said the state's economic stimulus package would leverage off the federal government economic stimulus package to be announced on Thursday.
"Our budget won't be immune from the impacts of this," he said.
"Importantly, we go into this in a better position than the much larger states who are already in deficit.
"There will obviously be an impact on revenues over time.
"In terms of surplus or deficit, I'll have more to say on those things as we get closer to the budget."
Master Builders Tasmania chief executive Matthew Pollock said the construction industry specifically had complex supply chains which used several imported products.
Mr Pollock said so far, the issue of imported products had not caused project delays but the situation could change in the longer term without proactive action.
