VIC Treasury thrilled by golden turd growth award

Advertisement

By Leith van Onselen

In what has been labelled by The Age as “Migrants to the rescue of Victoria’s economy”, the secretary to the Victorian Department of Treasury and Finance (DTF), David Martine, has delivered his April Economic Update, which admits that record population growth is a key driver of the state’s purported economic success:

Victoria’s economic growth is being partly driven by strong population growth. Over the year to the September quarter, Victoria’s population grew by 2.2 per cent, above national population growth of 1.6 per cent.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.