Category: 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

Turnbull Government Confirms It’s Dudding Victoria On Infrastructure

The Turnbull Government last night confirmed that it’s dudding Victoria when it comes to funding vital infrastructure in our state. Giving testimony at a Senate Committee last night, the Department of Infrastructure and Regional Development confirmed that the Commonwealth would invest only $2.045 billion on Victorian infrastructure between 2016-17 and 2019-20 out of a national […]

Categories: Media Release, Treasurer

Unlocking New Communities And Affordable Housing

The Andrews Labor Government is taking action to boost land supply and cut delays in approvals to make housing more affordable for Victorians. The rezoning of 100,000 lots within two years in key growth corridors spread in seven of Melbourne’s growth councils will help tackle housing affordability head on. The planning of these 17 new […]

Categories: Media Release, Treasurer

Victorian Regional Jobs Growth Leads The Nation

Victoria’s rate of regional job creation during the past 12 months continues to lead the nation, according to the Australian Bureau of Statistics (ABS). The latest ABS figures show employment in regional Victoria has continued to increase in the past three months, with 22,500 more people employed in the regions than a year ago. Since […]

Categories: Eastern Victoria Region, Media Release, Northern Victoria Region, Treasurer, Western Victoria Region

Reform, Growth And Better Outcomes For Social Housing

As waiting lists continue to grow, a bold new approach will give social housing organisations more power to build, buy and rent homes for vulnerable Victorians. For the first time ever, organisations will be able to utilise a $1 billion fund and access low interest loans using the borrowing power of the Victorian Government. Announced […]

Categories: Media Release, Minister for Housing, Disability and Ageing, Treasurer

Highest Possible Credit Rating Confirmed For Victoria

Victoria’s economy received another vote of confidence today, with international credit rating agency Moody’s confirming our triple-A stable credit rating. Giving Victoria the highest possible rating, Moody’s indicated our credit quality reflected ample financial flexibility and a diverse economic base, along with strong economic growth that supported the state’s operations. The triple-A rating was a […]

Categories: Media Release, Treasurer