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In 2021, the Victorian Auditor-General found that the state’s multibillion-dollar projects were being constructed on the back of “fragmented planning” and secrecy, which is costing taxpayers dearly.
The Auditor-General also found that the Victorian Government has a “tendency to underestimate costs and over-estimate benefits” of major projects.
In turn, this “can have consequences for Victorians, such as delays in obtaining needed infrastructure or increased costs”.
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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.