Category: Treasurer

Supporting Farmers Through Bushfire Recovery

The Victorian Government is backing farmers affected by the ongoing bushfires with additional assistance to keep their farms running and livestock safe and healthy. Treasurer Tim Pallas today announced that the Labor Government would provide subsidies for primary producers, including apiarists, to pay for emergency farm transport, taking the total of Victorian and Commonwealth recovery […]

Categories: Media Release, Treasurer

Saving Victorians Millions On Their First Home

Victorians buying their first home have collectively saved more than $735 million this year thanks to the Andrews Labor Government’s stamp duty concessions. Under sweeping changes introduced by the Labor Government to make it easier for people to get into the property market, first home buyers in Victoria get stamp duty discounts on houses up […]

Categories: Media Release, Treasurer

Regional Victoria Leads Jobs Growth

Regional Victoria leads the states in jobs growth and has the lowest unemployment rate, despite a softening national economy The Australian Bureau of Statistics today confirmed 20,000 people found work regional Victoria in the three months to November, including 8,400 new jobs in Ballarat, 4,300 in Geelong and 2,600 new jobs in Hume. Regional Victoria’s […]

Categories: Media Release, Treasurer

Nearly 520,000 Victorian Jobs Created In The Past Five Years

Victoria continues to lead the country in jobs growth despite a softening national economy, thanks to the Andrews Labor Government’s continued investments in health, education, roads and public transport. Despite a downturn in Australia’s economy, a property slump and falling consumer confidence, Victoria’s economic fundamentals are strong. New Australian Bureau of Statistics data confirms that […]

Categories: Media Release, Treasurer

Tough Choices To Keep Victoria’s Economy Strong

The 2019-20 Budget Update released today shows Victoria’s economy is strong and the budget remains in surplus, as the state faces weakening national economic conditions and falling consumer confidence. The mid-year update records a $618 million surplus in 2019-20, about $400 million less than forecast in May’s 2019/20 Budget. This is largely due to a […]

Categories: Media Release, Treasurer

Latest Data Backs Construction Growth Under Labor

Construction work in Victoria continues to grow under the Andrews Labor Government – meaning more great news for the state’s economy and for jobs. Australian Bureau of Statistics data released shows that the amount of construction work done in Victoria in the September quarter grew by $472.5 million – the largest increase in the nation. […]

Categories: Media Release, Treasurer

$520M Growth Fund To Call Melbourne Home

The Andrews Labor Government has welcomed news that the Australian Business Growth Fund will be based in Melbourne, cementing its spot as the home of capital funding. The $520 million Fund will help small to mid-sized firms expand by taking equity stakes of between $5 million to $15 million, with funds to flow from June […]

Categories: Media Release, Treasurer

Four Years Of Above Trend Economic Growth Under Labor

Victoria has recorded its fourth consecutive year of above-trend economic growth in 2018-19, with results well above the national average and the highest of the mainland states. Australian Bureau of Statistics data released today shows Victoria’s real gross state product grew by 3 per cent in 2018-19. By comparison, national growth was just 1.9 per […]

Categories: Media Release, Treasurer

Fewer Delays, Better Scrutiny In Planning And Building

Up to $600 million economic growth could be created across the Victorian economy each year through more efficient approvals in the state’s planning and building systems, according to a discussion paper from Better Regulation Victoria. The paper, now open for consultation, examines planning and building delays and bottlenecks to identify how the systems can be […]

Categories: Media Release, Treasurer

More Than Half A Million Jobs For Victorians Under Labor

More than half a million jobs have been created under the Andrews Labor Government. The latest ABS data shows 503,300 Victorians have found work across the state since the Government was first elected in November 2014. Close to 330,000 of these jobs were full-time. More people have found a job in Victoria over the past […]

Categories: Media Release, Treasurer