The Tasmanian Government’s Economic Statement, released in July 2025, sets out a blueprint for the continued growth and success of the Tasmanian economy. It establishes a commitment to grow private investment, simplify business conditions and unlock economic opportunities across the state.

In a challenging economic and global environment, it is even more important that Tasmania makes it easier for businesses, investors, workers and regions to create value. Public expenditure alone cannot drive the prosperity Tasmanians expect. The most durable path is to improve the conditions for private investment, lift productivity, grow participation and concentrate government effort where it can have the greatest impact.

The Economic Diversification and Investment Strategy will enable a shift in how the Tasmanian Government supports economic development. It will help focus effort where it matters most and support more effective coordination across government, agencies and government businesses. As an overarching economic framework, it will help guide specific economic, sub-sector and industrial policies (see related policies) and help prioritise public funds to their highest value purpose. It will also clarify what information the government requires to decide when and how to intervene.

The Strategy will be designed to support:

• investors, by providing greater clarity about Tasmania’s priorities, opportunities and facilitation pathways

• business and industry, by aligning economic development, skills, infrastructure and regulatory reform

• regions, by connecting local strengths with investment, workforce and infrastructure planning

• Tasmanians, by supporting higher living standards, better access to opportunity and stronger public services over time.