BUDGET – VICTORIA

Surpluses stockpiled to protect state for rainy day

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Original article by Rick Wallace
The Australian – Page: 6 : 28-Apr-16

Victorian Treasurer Tim Pallas unveiled the state’s 2016 Budget on 27 April. The State Government expects to achieve Budget surpluses of $A9.3 billion over the next four years. Capital spending has been increased to $A7 billion a year. Health and education will receive capital investment funding of about $A1 billion each. The Government intends to borrow up to $A16 billion, but it aims to keep net debt below five per cent of gross state product.

CORPORATES
VICTORIA. DEPT OF TREASURY AND FINANCE, AUSTRALIAN LABOR PARTY

No option for state but to make switch too

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Original article by Rick Wallace
The Australian – Page: 8 : 22-Mar-16

The Victorian Government has been forced to change the date of its 2016 Budget from 3 May to 27 April, in response to a move to bring forward the Federal Budget by one week. However, the Opposition’s Budget reply is still scheduled for its original date in May, which has attracted criticism from treasury spokesman Michael O’Brien.

CORPORATES
VICTORIA. DEPT OF TREASURY AND FINANCE, AUSTRALIAN LABOR PARTY