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The Victorian Budget was released yesterday, which was largely a big spending, big taxing affair.
In his Budget Speech, Treasurer Tim Pallas spruiked Victoria’s booming economic conditions, which has led to a projected surplus of $1.2 billion in 2017-18, with estimated surpluses averaging $2.4 billion over the forward estimates:
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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.