Tasmanian Treasurer Eric Abetz during an appearance at Foreign Affairs, Defence and Trade Legislation Committee at Parliament House in Canberra, Australia, on March 25, 2021. Sam Mooy/Getty Images
Tasmania will slay its debt dragon with across-the-board cuts, pledging a surplus in two years and to keep borrowings a whisker under $10 billion.
Treasurer Eric Abetz produced his first full budget on May 21, and a new fiscal strategy, including $1.5 billion ($US1.07 billion) of “operational efficiencies” over four years.
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