Ponzi Pallas rolls stamp duty bubble into big spending Budget

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By Leith van Onselen

The Victorian Budget was released yesterday afternoon, which contained all the hallmarks of a typical election year Budget, with cash splashes on all manner of programs, along with a nice dose of spruik. Below are key extracts from the Treasurer’s speech, which highlight the Budget’s essence:

Victoria is the fastest growing economy in the nation.

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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.