The Victorian Government has released its 2014-15 Budget Update, which revealed a $1 billion hit to the Budget surplus on the back of the deteriorating economy.
The key Budget aggregates are presented below:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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