Tasmania Budget Set for $1 Billion Deficit

Tasmanian Premier Peter Gutwein provides a media update on Tasmania's COVID-19 situation in Hobart, Thursday, April 30, 2020. (AAP Image/Rob Blakers) NO ARCHIVING

Tasmania’s budget is set to fall more than $1 billion into the red, as the island state’s premier pledges to spend his way to prosperity.

Liberal Premier and Treasurer Peter Gutwein will on Nov. 12 hand down the state’s 2020/21 budget, which has been delayed by six months due to the COVID-19 pandemic.