Auditor-general Grant Hehir has decided not to look into Centrelink's debt recovery efforts, as requested by shadow minister Linda Burney. He'll wait
Government agencies around Australia are standing up to support the campaign to end violence against women today for White Ribbon Day.
ALL THINGS P: The federal government wants to know which open data would be most useful to business, researc
We recently moved our readers to a new system. You may need to reset your password here to login.
Not a member ? Join here for free.
Forgot your password?
Home News Victoria spends its tax windfall
Text size :
TAGS Business/Finance, Tim Pallas, Vic Treasury, Victoria, Victorian Budget, Victorian Treasurer
Capital and human resource spending is back in the first Victorian budget from Treasurer state Tim Pallas. Following windfalls in revenues the new Andrews government has found ways to spend it, keeping its promise to restore pay of critical state workers.
Surging GST, stamp duty, insurance and motor vehicle tax revenues has enabled the Andrews Victorian government to announce funding for $22 billion in new capital projects while continuing to deliver surplus over the next four years.
The first tranche of capital spending will be focused on train and tram stock and removing railway level crossings in metro Melbourne and regional Victoria.
The biggest single project is a recommitment to the $11 billion Melbourne Metro Rail Project — including a new rail tunnel under the CBD. The funding includes $1.5 billion for planning over four years to enable construction to commence in 2018.
Announcing the previous government’s 2.5% cap on expenditure growth was not able to deliver the services required, the Victorian Treasurer Tim Pallas (pictured) — handing down the 2015-16 State Victorian Budget on Tuesday — said expenditure growth would be maintained at 3% across the forward estimates.
Receive unlimited access, get all the latest public sector news and features, plus The Juice, our daily news update sent direct to your inbox.
The Mandarin is where Australia's public sector leaders discuss their work and the issues faced within modern bureaucracy. Join today to discover the latest in public administration thinking and news from our dedicated reporters, current and former agency heads and senior executives.
Tom Burton is publisher of The Mandarin based in Sydney. He has served in various public administration roles, specialising in digital engagement. He was a Walkley Award-winning journalist and executive editor of The Sydney Morning Herald. He worked as Canberra bureau chief for the Australian Financial Review and as managing editor of smh.com.au. He most recently worked at the Australian Communications and Media Authority.
Read Related Content
Jim Miller has been appointed chair of Infrastructure Victoria. He indicated the body would consider environmental and social impacts, as well as economic arguments.