Victoria gambles its Budget on the property ponzi

Thursday 28 April 2016

Victorian Treasurer, Tim Pallas, has responded to criticism over the state Budget’s surplus projections, claiming that the Budget is sustainable despite its heavy reliance on the booming property market. From The ABC:

“We’ve made modest assumptions about the revenue we get from land going forward,” he said.

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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.