Austerity time! Victorian Budget tumbles into stamp duty, ScoMo black hole

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By Leith van Onselen

Over recent months we’ve warned how the impending stamp duty bust in Victoria will force the Andrews Government to tighten its belt.

Now with the Morrison Government returned unexpectedly, things have gone from bad to worse:

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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.