The Victorian government is stripping billions of dollars from infrastructure projects to tackle the state’s huge debt.
Victorians will see fewer infrastructure projects and less government ads, as Treasurer Tim Pallas hands down his 10th state budget .In releasing his 10th budget Tuesday, Treasurer Tim Pallas drew comparisons with this budget and Western Europe rebuilding their economies after World War II.
The Victorian government is reducing infrastructure spending from a peak this year of $24bn to $15.6bn over the course of the next four years. Picture: NCA NewsWire / David Crosling The increased tax take is driven by a competitive labour market driving payroll tax collection and land values forcing land tax revenues skywards.
Budget Slashes Infrastructure Casual Workers Scheme Australia And New Zealand State Budget Slashes State Budget Fiscal Outlook Transport Links Blair Jackson Government Expects Desirable Housing Locations Oceania Government Cuts Infrastructure Tim Pallas Land Tax Revenues Budget Belt Government Advertising Budget Warning Australia Infrastructure Projects Victorian State Budget Newswire-Politics Sick Pay Competitive Labour Market
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