Popular 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.
Popular major state 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.
The budget faces a $2.2 billion deficit this financial year but is projected to return to an surplus of $1.5 billion by 2025-26. Mr Pallas said his government was focused on moving past COVID debt by reducing net debt as a proportion of the state's economy. When pressed on the impact of that debt on future generations, the treasurer said it was important the figures were viewed in context."I can assure Victorians that our priorities are on the commitments we gave them and recognise the material circumstances of the time and do no harm to the continuing growth and resurgence of the Victorian economy," he said.Erin Patterson, accused of murdering three with mushroom meal, enters not guilty pleaIt's raining for a week, and there is more.
Debt Vic Budget Pallas Tax Deficit Surplus Vic Budget Cuts Srl Metro Tunnel
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 government unveils plans to build more than 70,000 homes above Suburban Rail Loop precinctThe Victorian government unveils plans to build more than 70,000 additional homes above and around six Suburban Rail Loop precincts in Melbourne's east by the 2050s.
Read more »
Rail chaos after commuter train hits car on rail tracks at Woy WoyFootage, shared on social media, showed the train hitting the car at high speed and the vehicle being pushed some distance along the rail tracks, shocking onlookers.
Read more »
‘Stop list’: Russia sanctions ex-Victorian premier Daniel Andrews, 234 Australian state MPsRussia’s foreign ministry said the Australians were handed indefinite bans “in response to politically motivated sanctions against Russian individuals”.
Read more »
‘Stop list’: Russia sanctions ex-Victorian premier Daniel Andrews, 234 Australian state MPsRussia’s foreign ministry said the Australians were handed indefinite bans “in response to politically motivated sanctions against Russian individuals”.
Read more »
‘Stop list’: Russia sanctions ex-Victorian premier Daniel Andrews, 234 Australian state MPsRussia’s foreign ministry said the Australians were handed indefinite bans “in response to politically motivated sanctions against Russian individuals”.
Read more »
Clunes locals banding together after another high-profile death impacts tiny Victorian townThe Victorian gold rush town of Clunes is usually quiet, except when the annual Book Fair is being held, but this month it's been in the news for all the wrong reasons.
Read more »