Treasurer Tim Pallas warns a failure to shore up the state’s financial position,including bringing down debt,could have serious consequences for its credit rating.
The water authority borrowed additional money from a Victorian government entity – and paid interest to the government – so it could pay a tax to the same government.
Electromagnetic interference blamed for the relocation of the Arden hospital precinct could continue to haunt the $14 billion Metro Tunnel,according to the Auditor-General.
With the state’s daily interest bill at $25 million,Treasurer Tim Pallas is in talks with private firms to gauge their interest in running part of Births,Deaths and Marriages Victoria.
Treasurer Tim Pallas has been handed a $12.1 billion “credit card” to spend next financial year without being scrutinised through the budget or parliament.
Bulk-billing GPs will be exempt from payroll tax and other doctors will be spared the impost for a year after health clinics threatened to shame the government over its “tax on health”.
Parents whose children will never attend promised childcare or see promised school upgrades are unlikely to be satisfied by the treasurer’s postponement of election pledges.
Next week’s federal budget will feature extra money for the blown-out road project,bringing the Commonwealth’s contribution to $5 billion.
As cancer rates soar across Victoria,the state government has axed 75 per cent of the funding to the Victorian Comprehensive Cancer Centre Alliance.
Find out what will affect you most in this year’s Victorian budget.
Projections that the state’s debt would rise from $135.9 billion this year to $187.8 billion by mid-2028 highlight a need for drastic action.