
Apple Isle’s end game set to play out
UNFORTUNATELY for Tasmania, the 2012 Federal Budget indicates that the state will face a federal funding shortfall of $500 million during the next three financial years. This news has further compounded Tasmania’s fiscal woes as it struggles to bring an unhealthy deficit – expected to be more than $250 million this financial year – under control. Furthermore, its unemployment rate is the nation’s highest at 8.3 per cent. The Australian Bureau of Statistics revealed a loss of 2500 Tasmanian jobs in April alone, hence the importance of the state’s small yet profitable mining sector. Significant social and economic impacts At the end of 2009-2010, Tasmanian mines employed 1646 people – the majority as direct employees – and spent about $456…