Surrounded by debt,the Allan government finds itself backed into a financial and political corner.
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.
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.
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,higher taxes,stalled projects and abandoned promises.
Most home owners understand that if you are serious about getting your mortgage under control,you can’t keep borrowing more money to pay for other things.
Delays will affect signature projects in education,health and housing as the government shields the budget from rising costs.
The Victorian treasurer delivered his 10th budget which both he and Premier Jacinta Allan pressed was “sensible and disciplined” amid burgeoning state debt.
Interference from the new Metro Tunnel station at Arden has forced the Victorian government to ditch a $5 billion plan to build new hospital campuses there.
Public school students in wealthy suburbs will get $400 each to help with learning costs while their private peers in poorer areas miss out.