00:02Less rainfall resulting in the lowest amount of hydropower generated in two decades.
00:08The situation under climate warming will continue to get worse.
00:12That is a direct correlation to the amount of rain that we receive.
00:16So we are at the mercy of mother nature.
00:18To compensate, Hydro Tasmania has increased its reliance on gas and brought more power from the mainland.
00:24But there's another issue the government business can't fix.
00:28Less electricity generation means less money flowing into state government coffers.
00:34Hydro Tasmania does not have the capacity to pay dividends because they've been laden with debt by the Liberals,
00:40because the Liberals have mismanaged that company.
00:43And it's not the only GBE in financial difficulty.
00:47We're seeing TT Line need equity in investment, like bailout if you like.
00:52Tas Networks need equity to support their operations.
00:56It's likely Tasports will as well.
00:58It comes at a particularly bad time for the state, which is grappling with ever-growing debt.
01:04The latest Treasury report warns the state's finances are unsustainable and on track to rapidly deteriorate.
01:12Addressing that debt will require drastic action.
01:16We've got a Treasury report that says they need to find cuts or new taxes to the tune of $3
01:21.3 billion.
01:22So what are they going to do and who's going to be hurt?
01:25The Liberals need to stop spending money into things like the stadium and start taxing big corporations to get some
01:32more revenue into Tasmania's coffers.
01:34There's scepticism the government will do little more than tinker around the edges.
01:39We just don't see any policy, any plan that really addresses the severity and the seriousness of this as they
01:46haven't for years.
01:47I'm a practical guy, but I'm not a fortune teller.
01:51So let's wait until the budget comes out and it will be clearly detailed by the Treasurer.
01:55The government remaining tight-lipped on its budget repair plans.
01:59Is that less than 4 minutes?
02:03You
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