Last month, Treasurer Guy Barnett delivered the worst budget of all time.

Today’s Pre-Election Financial Outlook Report (PEFO) shows the Liberals' budget mess was even worse than they were admitting.

Last year, the Liberals asked Parliament for an additional half-a-billion dollars just months after the budget was handed down, because they’d fudged the figures. Today’s report shows they’ve been caught out again.

After 11 years of the Liberals, net debt is now projected to grow to $13 billion by 2027-28. This will see annual interest payments reach an eyewatering $700 million.

The PEFO proves that the Liberals can’t be trusted to manage Tasmania’s finances. If you can’t manage the budget, you can’t govern Tasmania.

Labor will soon be releasing our fiscal strategy to get Tasmania’s finances back on track. It will demonstrate how we will be responsible with the budget, while growing our economy in the long term.

After 11 years of the Liberals, Tasmania needs a Fresh Start.

Shadow Treasurer