Suburban Rail Loop “worst transport project Melbourne has ever seen”

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Like me, Inside Story’s Tim Colebatch is an overall fan of the Andrews Government’s Victorian State Budget, which provides massive stimulus at exactly the right time:

The main game of the Andrews government’s 2020–21 budget is to deliver stimulus, and it does so in spades. It plans to spend almost $110 billion this year providing services and investing in assets — roughly $23 billion more than it spent a year earlier.

Let that soak in. This year, Victorian government spending will grow by more than 25 per cent. The additional spending will amount to close to $3500 for every man, woman and child in the state. That’s roughly $70 per person, per week, in new spending…

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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.