Ponzi Pallas’ Budget luck is about to run out

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By Leith van Onselen

The AFR has released the below chart showing the extraordinary Budget luck that has been bestowed on Victorian Treasurer, Tim “Ponzi” Pallas, who has enjoyed an $8.6 billion (14%) upwards revision in revenues since he crafted his first Budget in 2015:

This has resulted in Ponzi Pallas having “23 per cent more than the $56.7 billion he actually raised in 2015-16”.

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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.