The Victorian government's budget released today attempts modest cost savings, but the main message appears to be: don't panic.
Money the government gets in for the next financial year is $96.1 billion, which is less than projected it will spend of $98.3 billion.
There are schools, tunnels, hospitals and roads to service this swelling growth, as Melbourne becomes the nation's largest city, overtaking a waterside resort for squillionaires to the north that also houses normal people.
Remember the daily cost of that interest bill? Treasurer Tim Pallas calculates it as "1/4000th of one per cent of the economy" – an infinitesimal smidge of nothingness compared to the riches that await Victorians … if it all works out.
Another is that the government has literally built credibility by starting and finishing big projects — new schools and hospitals, the removal of scores of level crossings — sprinkled in every corner of the state. A final element is that there's not a compelling competing vision about Victoria's growth and how it is being dealt with.
From Zendaya's double looks to Chris Hemsworth's debut, see all the glamour from the Met Gala – as it happenedVictoria confirms four-year delay for Airport Rail Link in state budget
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victorian budget 2024 LIVE updates: Tim Pallas set to hand down state budgetThe Victorian treasurer will deliver his 10th budget which both he and Premier Jacinta Allan have pressed will be “sensible and disciplined” amid burgeoning state debt.
Read more »
Victorian budget 2024 delays Airport Rail Link, but net debt still forecast to growPopular major projects – including the Airport Rail Link -- have been put on the backburner as part of the Victorian government's pitch to be more fiscally responsible, in Treasurer's Tim Pallas's 10th budget.
Read more »
Venice Biennale 2024: Nordic pavilion explores mythmaking amid ‘canon’ controversyThe Swedish artist Lap-See Lam is drawing on the Cantonese operas of the 19th century to explore the ‘fiction’ of culture
Read more »
Sydney International Comedy Festival 2024: our guide to the best laughsThe Sydney International Comedy Festival kicks off on April 22. Here’s a preview of what you could bring your nan to and when best to leave her at home.
Read more »
Women in Leadership 2024: Women of Influence share their tips for young female leaders todayPast winners of The Australian Financial Review’s long-standing and much-loved program give advice before it returns this year as Women in Leadership,
Read more »
2024 Nissan Patrol finally gets long-awaited interior upgrades7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »