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.
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 ...
Government to also provide $400 for each public school student as Tim Pallas hands down his 10th state budget.
The Victorian State Budget 2024-25 has been labelled by Treasurer Tim Pallas as a budget led by making "sen...
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 ...
The Victorian treasurer will deliver his 10th budget which both he and Premier Jacinta Allan have pressed will be “sensible and disciplined” amid burgeoning ...
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 ...
Jacinta Allan will oversee her first state budget as premier, flagging it will be “sensible and disciplined” and prioritise alleviating cost-of-living ...
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 ...
Victoria's 2024 budget provides some positive developments for the state's minerals industry, but it continues to be marred by tax uncertainty that.
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 ...
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 ...
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 ...
The Victorian government has announced new cost-of-living support measures for families with school children.
Government to expand shared-equity scheme for home buyers but will delay long-awaited airport train.
Announced today, the Victorian Budget 2024-25 includes $161.4 million to support creative industries initiatives.
Victoria is in huge debt but the government is keen to keep spending to stave off worsening unemployment.
The budget revealed that total costs are expected to reach $98.3 billion in 2024-25, rising to $105 billion in 2027-28.
Treasurer Tim Pallas' 10th Victorian budget is full of bad news and a $25 million-a-day interest bill.
Public school students in wealthy suburbs will get $400 each to help with learning costs while their private peers in poorer areas miss out.
Treasurer Tim Pallas will begin selling his budget, ramming home the rhetoric that Victoria must adjust spending amid...
Families of school children will benefit most from the Victorian State Budget, thanks to a one-off payment ...
MOTORSPORT Australia's grand plan for Avalon is full steam ahead despite the 2024 Victorian state budget providing a setback.
The Victorian budget has spared investors from further taxes and levies but offered limited support for beleaguered businesses.
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, ...
On the afternoon of May 7th, Victorian Treasurer Tim Pallas presented the State Budget for 2024-25, marking his 10th budget announcement.
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.
Australia's most indebted State Treasurer has renewed complaints over GST distribution in the Federation, arguing WA's contribution to other states is ...
While the state government says its budget is for all Victorians, some critics say regional infrastructure investment is being left behind in favour of ...
The Victorian State Budget 2024-25 has been labelled by Treasurer Tim Pallas as a budget led by making "sen...
Victoria's Allan Government says Victorian Budget 2024/25 is firmly focused on helping families. Here's what's happening in relation to energy.
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, ...