Category: Treasurer

More Than 280,000 Jobs And Counting

More than 280,000 jobs have been created in Victoria since the Andrews Labor Government came to office three years ago. Revised Labour Force data released today by the Australian Bureau of Statistics (ABS) confirms Victoria has created 284,000 new jobs since November 2014 – the highest in the nation in both absolute and percentage terms. […]

Categories: Media Release, Treasurer

Victoria’s Economy Outperforming All Other States

Victoria’s economy is booming with state final demand (SFD) growth the strongest in the nation at 4.7 per cent over the year to September 2017. The new data released by the Australian Bureau of Statistics (ABS) today shows that, nationally, domestic final demand was just 3.2 per cent for the same period. Over the year, household […]

Categories: Media Release, Treasurer

More Good News For Victorian Businesses

It’s good news all round for local businesses, with Victorian exports, imports and retail trade all showing strong annual growth. New data released today by the Australian Bureau of Statistics (ABS) shows Victoria’s goods and services export growth is powering on with a 10.6 per cent annual boost, taking total exports to almost $50 billion […]

Categories: Media Release, Treasurer

Meeting Of The Mines In Melbourne

The world’s most liveable city will be on show when the most prestigious gatherings of top global mining company chief executives converge next year in Melbourne for two high profile industry events. The International Council on Mining and Metals (ICMM) has announced today it will hold one of its bi-annual Council meetings in Melbourne. ICMM […]

Categories: Media Release, Treasurer

Land Use Victoria: Vital Services To Remain In Public Hands

Essential services will remain in public hands, as the Andrews Labor Government narrows its focus of commercialisation options for Land Use Victoria. Commercialising certain land titles and registry functions within Land Use Victoria is expected to deliver better services to the public through increased investment to improve technology systems and customer interfaces. The scoping study […]

Categories: Media Release, Treasurer

Building Approvals Surge As Victorian Economy Booms

The strength of Victoria’s jobs and construction growth continues, with the latest data confirming Victoria is one of the two leading Australian states for building approvals. Australian Bureau of Statistics (ABS) data released today shows the total value of Victorian building approvals increased 1.9 per cent to $3.59 billion in October 2017, and is up […]

Categories: Media Release, Treasurer

Prime Minister For Sydney Strikes Again

Not content with repeatedly short-changing Victorians on infrastructure funding, a desperate Malcolm Turnbull is now sending even more money to his home town of Sydney. Victorian Treasurer Tim Pallas today slammed the Turnbull Government after reports it would fund a $100 million transport hub in Bennelong, despite nearly half of all federal infrastructure funding already […]

Categories: Media Release, Treasurer

Victoria’s Economic Growth Continues Above Trend

Victoria has experienced more than two consecutive years of above trend growth, according to the ANZ Stateometer Report released today. Housing, labour and trade were all positive contributors to Victoria’s economy in the September quarter, with population growth fuelling strong demand for housing. The report notes first home buyers have re-entered the market, assisted by […]

Categories: Media Release, Minister for Resources, Treasurer

Victoria’s Economy Leading The Nation

Victoria’s economy leads the nation with gross state product for 2016-17 growing 3.3 per cent in real terms, the highest growth of all Australian states. Victoria’s State Final Demand was the strongest in the nation at 3.9 per cent – a direct reflection of the power of Victoria’s booming economy, aided by the strong financial […]

Categories: Media Release, Treasurer

Unemployment At 5.7 Per Cent – Biggest Drop In The Nation

Victoria’s unemployment rate has dropped to 5.7 per cent – the biggest drop in the nation – and is now the second lowest in Australia. Australian Bureau of Statistics labour force data released today shows that, over the year to October 2017, Victoria’s full-time employment increased by 77,800 persons – the second highest increase in […]

Categories: Media Release, Treasurer