Category: Treasurer

Melbourne Chosen As Launch City For Uber Air

Melbourne will join Dallas and Los Angeles as one of the launch cities for the aerial ridesharing service Uber Air, the first city chosen outside the United States to trial the service. Uber Elevate, the division of Uber developing the ambitious ridesharing mode, plans to begin demonstrator flights in late 2020 and ahead of launching […]

Categories: Media Release, Treasurer

New Business Growth Fund To Create Jobs

The Andrews Labor Government will establish a $250 million Victorian Business Growth Fund for small and medium enterprises to help them access capital and create jobs to grow the Victorian economy. Treasurer Tim Pallas today announced a $50 million contribution towards the Fund, which will be developed with leading industry superannuation groups First State Super […]

Categories: Media Release, Treasurer

AAA Rating Backs Labor Government’s Budget

The Andrews Labor Government’s record of sound economic management has again been recognised by the leading international credit agencies Moody’s and Standard and Poor, with Victoria retaining its triple-A rating. Both agencies acknowledged that the Victorian Budget 2019/20 hands down a strong operating surplus and efficiently manages debt, as the Labor Government delivers on its […]

Categories: Media Release, Treasurer

Treasurer Backs Beyond Blue For Budget

Treasurer Tim Pallas has chosen Beyond Blue as his nominated charity following the 2019/20 Victorian Budget. Chaired by former Prime Minister Julia Gillard, Beyond Blue is one of Australia’s most recognised not-for-profits, which has been addressing mental health issues, providing support and raising awareness since 2000. More than three million Australians live with anxiety or […]

Categories: Media Release, Treasurer

Tax Cuts For Victorian Businesses In A Fairer Tax System

Payroll tax will be cut for the fourth Budget in a row with the Andrews Labor Government to deliver a further drop to regional payroll tax, keeping it the lowest rate in the nation in a boost for Victorian businesses. In a win for local jobs, the Victorian Budget 2019/20 again delivers tax cuts for […]

Categories: Media Release, Treasurer

Delivering On All Of Our Promises

The Andrews Labor Government has backed its positive plan for all Victorians, with a Budget that is underpinned by strong surpluses, while delivering tax cuts and the schools, hospitals, transport and services our growing state needs. Building on strong economic management and five years of above-trend growth, the Victorian Budget 2019/20 delivers a $1 billion […]

Categories: Media Release, Treasurer

100 Projects And Counting For A Booming Victoria

Victoria’s building boom is already paying dividends, with the value of infrastructure projects in the state growing by $18 billion or 20.5 per cent over the past year. The latest quarterly Investment Monitor report from leading economic forecaster Deloitte Access Economics shows Victoria has enjoyed the highest growth of the mainland states in the year […]

Categories: Media Release, Treasurer

Victorian Economy Tops The National Rankings

Victoria has the nation’s strongest jobs market, economic growth, retail trade and construction work done, according to the latest CommSec State of the States report. Released today, the report shows Victoria’s economic activity was 26.9 per cent above its decade-average output – the best result in the nation – and 1.5 percentage points ahead of […]

Categories: Media Release, Ministers, Treasurer

Vic Regional Unemployment Rate Lowest Of The States

Regional Victoria is benefiting from thousands of new jobs, with the state’s regional unemployment rate the lowest recorded in the nation. Australian Bureau of Statistics data released today shows Victoria’s regional unemployment rate is just 4.6 per cent – well below the national average of 5.4 per cent. Victoria’s regional areas also had the strongest […]

Categories: Media Release, Treasurer

More Than 460,000 Jobs Created In Victoria Under Labor

Victoria’s jobs growth continues, with 10,000 jobs created in March alone, and the State’s unemployment rate dropping to 4.6 per cent. Australian Bureau of Statistics data released today shows more than 123,000 people found a job in Victoria in the year to March 2019 – the largest percentage increase of all the states. Importantly, the […]

Categories: Media Release, Treasurer