The epic property boom and population ponzi has delivered a big boost to the Victorian Budget, with the state recording a final surplus of $2.7 billion in 2015-16, well up from the $1.2 billion surplus recorded in 2014-15:
The final surplus of $2.7 billion – more than double the 2014-15 final result of $1.2 billion – is consistent with the strength of the Victorian economy since the Labor Government was elected, bolstered by a strong property and labour market.
