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HISTORICAL FACTS: Tas island state charts bumpy course back to the black | History Defined

Tasmania's moment of budget reckoning has arrived as the state government unveils across-the-board cuts to tackle mounting debt.

On Thursday, Treasurer Eric Abetz revealed the state will post a $597 million deficit in the coming financial year off the back of $216 million of cuts.

No department is spared, including health - the state's biggest line item - where $131 million worth of savings have been found 2026/27 alone.

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