Category: Treasurer

Keeping Melbourne The Ultimate Sports And Events Capital

The Andrews Labor Government will ensure Melbourne remains the global home of sport and entertainment, by giving Melbourne Park the best facilities in the world. Treasurer Tim Pallas and Minister for Sport John Eren today announced $271.55 million to complete the third stage of the Melbourne Park redevelopment. Announced as part of the Victorian Budget […]

Categories: Media Release, Treasurer

Indonesian Bank Chooses Melbourne For Its Australian HQ

In a win for Victoria, Bank Negara Indonesia (BNI) has chosen Melbourne as the home for its Australian headquarters, joining the growing list of international companies establishing head offices in Victoria. Meeting with representatives from Indonesia’s financial regulator Otoritas Jasa Keuangan (OJK) and BNI, Treasurer Tim Pallas welcomed the announcement as a significant milestone in […]

Categories: Media Release, Treasurer

Victoria’s Economy Continues To Lead The Nation

Victoria is once again the only jurisdiction in Australia with above trend economic growth and improving momentum, according to the latest ANZ Stateometer report. The ANZ Stateometer report says Victoria’s strong result was due to solid labour market conditions, strong housing market and finance commitments, all of which are driving Victoria’s dynamic economic growth. Victoria’s […]

Categories: Media Release, Treasurer

Victoria’s Economy Strong As More Jobs Created Than Rest Of The Country

Victoria’s economy continues to go from strength to strength, with more jobs created in our state than the rest of the country combined, according to a new report by Deloitte Access Economics (DAE). DAE today revised its forecasts for Victoria’s economy, predicting greater than anticipated growth in 2017-18, underpinned by strong household consumption and private […]

Categories: Media Release, Treasurer

First Social Impact Bonds For Disadvantaged Victorians

Two of Australia’s leading welfare providers have been invited to develop Victoria’s first Social Impact Bonds (SIBs) to reach better outcomes for at-risk teenagers and the long term homeless. Consortia led by Anglicare and Sacred Heart Mission have been chosen by the Andrews Labor Government to explore new approaches to complex social issues through the use […]

Categories: Media Release, Treasurer

Six Months On And Turnbull Is Still Shortchanging Victorians

The Andrews Labor Government is demanding that the Turnbull Government immediately pay the $1.4 billion it promised to Victorians from the lease of the Port of Melbourne. In September 2016, the Turnbull Government went back on its word to Victorians, and refused to fulfil its commitment as part of the Asset Recycling Initiative National Partnership […]

Categories: Media Release, Treasurer

ANZ Report Confirms Strength Of Victoria’s Economy

Victoria is the only jurisdiction in Australia with above trend economic growth and improving momentum, according to the latest ANZ Stateometer report. Released today, the report shows Victoria’s economic wellbeing continued to trend upward in January and now sits at its highest level since November 2010 – well above its long-run average. This follows yesterday’s […]

Categories: Media Release, Treasurer

More Than 200,000 Jobs And Counting

Victoria was the only state in the nation to record an increase in employment during February, according to the Australian Bureau of Statistics (ABS). Today’s ABS figures confirm 10,600 jobs were created in Victoria in February, taking the total to 203,300 since the Andrews Labor Government was elected in November 2014. This figure includes 117,400 […]

Categories: Media Release, Treasurer

Victoria: Creating Jobs, Growing Economy, Reducing Debt

Victoria’s finances are in excellent shape with a healthy operating surplus and increased investment in infrastructure further boosting our economy, according to the 2016-17 Mid-Year Financial Report. Released today by Treasurer Tim Pallas, the report shows an operating surplus of $1.4 billion for the six month period ending 31 December 2016. Net infrastructure investment for […]

Categories: Media Release, Treasurer

Victoria’s Economy – Leading The Nation

Despite continuing to be short-changed by the Turnbull Government, Victoria’s economy outpaced the rest of the nation in the December quarter, according to the latest figures from the Australian Bureau of Statistics (ABS). The State’s strong AAA-rated economy grew faster than any other state for the quarter, growing by 1.7 per cent, for an annual […]

Categories: Media Release, Treasurer