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.