That's an increase of $207 million on what the state received in 2020-21.

The good and services tax, which is a broad-based 10 per cent tax on most goods, services and other items sold and consumed in Australia, is Tasmania's single biggest source of revenue.

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The federal government distributes GST revenue to the states and territories based on revenue sharing relativities recommended by the Commonwealth Grants Commission. These relativities take into account factors such as population and capacity to deliver services.

State Treasury's pre-election fiscal outlook, released at the halfway-point of the election campaign, foreshadowed that Tasmania would receive a greater share of GST in the 2021-22 federal budget.

Premier Peter Gutwein said the upward revisions to GST receipts were due to Australia's economy "bouncing back" and increases in consumer spending.

"Tasmania's share of the GST pool is expected to remain relatively consistent at approximately 4.1 per cent over the budget and forward estimates period, providing increased GST revenue to Tasmania of $846 million to that estimated in the recent pre-election financial outlook," he said.

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