Budget 2011-12

The 2011-12 Victorian Budget was handed down by the Treasurer, Kim Wells MP, on Tuesday 3 May 2011 and delivers on the Victorian Coalition Government’s election commitments to Victorian families, with a responsible and caring Budget in challenging times.

Browse the media releases by selecting the portfolio on the left.

Visit the Budget website for all the budget papers at www.budget.vic.gov.au

Excerpts from Treasurer Kim Wells' speech to Parliament on the 2011-12 Victorian Budget

This budget will deliver responsible and caring government, in challenging times.

The Government is making a record investment in community safety, centred on a significant rise in police presence.

The Government is delivering a $1.2 billion package of measures to ease cost of living pressures for Victorian families.

It is making the first steps towards achieving an additional 800 beds across our public hospital system.

The budget will fund, in the coming year, one of the biggest infrastructure investments in Victoria's history.

The Government is purchasing new trains, fixing level crossings, planning new investments to expand and rejuvenate the rail network, and investing in arterial roads.

The budget will establish a $1 billion Regional Growth Fund, which will set its sights not just on regional centres, but on our country communities which have been neglected for too long.

And there is a renewed focus on some of the most disadvantaged Victorians – those often forgotten over the past decade. The Government will enhance disability services, expand child protection, deliver new mental health initiatives and fund a massive new upgrade to special and autistic schools across the State.

This budget provides a $1.2 billion package of measures to ease cost of living pressures.

This includes half a billion dollars in stamp duty cuts for first homebuyers, pensioners and farmers.

The stamp duty paid by a first homebuyer will be a cut in successive stages from 1 July this year. Before the end of this Government's first term, first homebuyers will benefit from a 50 per cent cut in stamp duty.

This budget commits funds to the establishment of an Independent Broad-based Anti-Corruption Commission.

This commission will investigate, expose and prevent corruption across the entire public sector.

It will also educate the public sector and the community about corruption and its harmful effects on public administration and the community.

The commission is just one of many measures this Government will implement to ensure Victorians receive the high-quality leadership they deserve.

Victorians deserve a responsible and caring government. This is what the Baillieu Coalition Government delivers.

Victoria is a great state and this budget is the first step in ensuring that we build a great future.