Victorian Budget

2024 - 5 - 7

Victorian Budget 2024: Airport Rail Link Delayed, Families to Receive $400, and More

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Find out the latest updates from the Victorian Budget 2024! Delayed projects, family-focused initiatives, and tax implications - it's all here!

In the latest Victorian budget for 2024, major projects like the Airport Rail Link have been delayed, highlighting the government's shift towards fiscal responsibility. Treasurer Tim Pallas presented the budget, which includes a $400 one-off payment for each public school student, aiming to ease financial burdens on families. The emphasis on being 'family-focused' marks a significant aspect of this year's budget, setting it apart from previous allocations.

While the budget showcases a $15.2 billion deficit and a growing net debt of $187.8 billion by 2028, Treasurer Tim Pallas remains optimistic about the state's financial outlook. The budget also includes plans for Melbourne Airport Rail and other projects, though with extended timelines to manage expenditure more efficiently.

Despite some positive developments for the minerals industry, the budget is criticized for its tax implications and their impact on economic growth. The state government's approach to balancing fiscal responsibility with infrastructure development and social welfare remains a topic of debate among policymakers and the public.

Notably, the delay in the Melbourne Airport Rail project until 2033 and the $400 one-off payment for families in Victorian public schools stand out as key highlights of the budget, shaping discussions on future state spending and financial management.

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Image courtesy of "ABC News"

Victorian budget 2024 delays Airport Rail Link, but net debt still ... (ABC News)

Popular major projects – including the Airport Rail Link — have been put on the backburner as part of the Victorian government's pitch to be more fiscally ...

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Image courtesy of "The Guardian"

Victorian state budget 2024: airport train delayed and sick leave for ... (The Guardian)

Government to also provide $400 for each public school student as Tim Pallas hands down his 10th state budget.

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Image courtesy of "9News"

The winners and losers of this year's 'family-focused' Victorian budget (9News)

The Victorian State Budget 2024-25 has been labelled by Treasurer Tim Pallas as a budget led by making "sen...

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Image courtesy of "The Australian Financial Review"

Victorian budget 2024: Victorian budget winners and losers (The Australian Financial Review)

The Victorian Labor government will deliver a $15.2 billion deficit this year, with net debt growing to $187.8 billion by 2028, but Treasurer Tim Pallas is ...

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Image courtesy of "WAtoday"

Victorian budget 2024 LIVE updates: Tim Pallas set to hand down ... (WAtoday)

The Victorian treasurer will deliver his 10th budget which both he and Premier Jacinta Allan have pressed will be “sensible and disciplined” amid burgeoning ...

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Image courtesy of "The Age"

Cuts, delays and taxes in bad news budget that fails to rein in debt (The Age)

Treasurer Tim Pallas' 10th budget includes payments of $400 per child for the families of children in Victorian public schools. But it's the only bit of ...

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Image courtesy of "NEWS.com.au"

$400 one-off payment for 700000 families (NEWS.com.au)

Jacinta Allan will oversee her first state budget as premier, flagging it will be “sensible and disciplined” and prioritise alleviating cost-of-living ...

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Image courtesy of "7NEWS.com.au"

Victorian Budget 2024: Melbourne Airport Rail among projects ... (7NEWS.com.au)

Passengers will have to wait until 2033 to take a train to Melbourne Airport, as the Victorian government takes an axe to major project spending to curb ...

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Image courtesy of "Mirage News"

Victorian Budget Barely Taps Mining Potential, Taxes Stifle Growth (Mirage News)

Victoria's 2024 budget provides some positive developments for the state's minerals industry, but it continues to be marred by tax uncertainty that.

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Image courtesy of "ABC News"

Who are the winners and losers in Victoria's 2024 state budget? (ABC News)

Families with school-aged children are among the biggest winners in this year's budget. But as the government grapples with rising debt, there are some cuts ...

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Image courtesy of "The Australian Financial Review"

Victorian budget 2024: Victorian budget to hit $188 billion debt as ... (The Australian Financial Review)

Victorian Premier Jacinta Allan is counting on a growing economy and an interest rate cut this year to curb the state's $188 billion debt and a daily ...

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Image courtesy of "Herald Sun"

Long-awaited Airport Rail hits more turbulence (Herald Sun)

The long-awaited $10 bn Melbourne Airport Rail Link has hit more turbulence with Treasurer Tim Pallas expecting a delay of “at least four years” amid a ...

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Image courtesy of "The Age"

What is the School Saving Bonus and who will benefit? (The Age)

The Victorian government has announced new cost-of-living support measures for families with school children.

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Image courtesy of "The Guardian"

Victoria state budget 2024 winners and losers: $400 for school ... (The Guardian)

Government to expand shared-equity scheme for home buyers but will delay long-awaited airport train.

Victorian Budget 2024-25 (Creative Victoria)

Announced today, the Victorian Budget 2024-25 includes $161.4 million to support creative industries initiatives.

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Image courtesy of "The Conversation AU"

'Eye watering' spending, growing debt make up surprisingly ... (The Conversation AU)

Victoria is in huge debt but the government is keen to keep spending to stave off worsening unemployment.

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Image courtesy of "The Australian Financial Review"

Victorian budget: Size of government to be cut for first time in 15 years (The Australian Financial Review)

The budget revealed that total costs are expected to reach $98.3 billion in 2024-25, rising to $105 billion in 2027-28.

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Image courtesy of "The Age"

Video: Victorian budget 2024 explained in two minutes (The Age)

Treasurer Tim Pallas' 10th Victorian budget is full of bad news and a $25 million-a-day interest bill.

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Image courtesy of "The Age"

School bonus divides as rich reap benefits and poorer private areas ... (The Age)

Public school students in wealthy suburbs will get $400 each to help with learning costs while their private peers in poorer areas miss out.

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Image courtesy of "Illawarra Mercury"

Treasurer begins sell of tight Victorian budget (Illawarra Mercury)

Treasurer Tim Pallas will begin selling his budget, ramming home the rhetoric that Victoria must adjust spending amid...

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Image courtesy of "9News"

Cash splash for families centrepiece of Victorian budget (9News)

Families of school children will benefit most from the Victorian State Budget, thanks to a one-off payment ...

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Image courtesy of "V8 Sleuth"

What Victorian budget means for Avalon project (V8 Sleuth)

MOTORSPORT Australia's grand plan for Avalon is full steam ahead despite the 2024 Victorian state budget providing a setback.

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Image courtesy of "AccountantsDaily"

Victorian budget offers 'little support' to struggling businesses: CPA (AccountantsDaily)

The Victorian budget has spared investors from further taxes and levies but offered limited support for beleaguered businesses.

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Image courtesy of "Herald Sun"

Victoria's soaring debt to weigh in at $67000 for every household (Herald Sun)

Victoria's record debt will soar to an unprecedented $187.8bn – or $67000 for every household – despite broken promises, and delays and cuts in health, ...

Victorian budget 2024 as it happened (DynamicBusiness)

On the afternoon of May 7th, Victorian Treasurer Tim Pallas presented the State Budget for 2024-25, marking his 10th budget announcement.

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Image courtesy of "The Mandarin"

Victorian treasurer ropeable over raw GST deal (The Mandarin)

Tim Pallas says his state has been ripped off by the Commonwealth, evidenced by the federal government's track record of spending over the past 70 years.

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Image courtesy of "The West Australian"

Victorian Treasurer renews GST whinge, uses budget to slam WA's ... (The West Australian)

Australia's most indebted State Treasurer has renewed complaints over GST distribution in the Federation, arguing WA's contribution to other states is ...

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Image courtesy of "ABC News"

Victorian budget 2024 draws mixed responses as regions feel the ... (ABC News)

While the state government says its budget is for all Victorians, some critics say regional infrastructure investment is being left behind in favour of ...

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Image courtesy of "9News"

Delays, cuts and broken election promises: How the Victorian ... (9News)

The Victorian State Budget 2024-25 has been labelled by Treasurer Tim Pallas as a budget led by making "sen...

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Image courtesy of "Solar Quotes"

Victorian Budget 2024/25: What's In It For Energy? (Solar Quotes)

Victoria's Allan Government says Victorian Budget 2024/25 is firmly focused on helping families. Here's what's happening in relation to energy.

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Image courtesy of "The Age"

Sweeping hospital mergers on table after Victoria's bad-news budget (The Age)

Victoria's 76 health services could be slashed to 12 in an efficiency-driven overhaul revealed as the government dropped a budget notable for soaring debt, ...

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