2024-25 Victoria's GST revenue to rise $3.7bn due to congestion and lack of mining royalties.

Victoria's GST revenue is set to rise $3.7bn in 2024-25 due to congestion and lack of mining royalties. The Commonwealth Grants Commission ruling predicts Victoria will receive about 97¢ of GST revenue for every $1 it pays, up from 85¢ this year. This means Victoria will claim $22.23bn, up from $18.54bn. The $3.7bn financial boost for the Allan government is mainly due to recognising that unlike other resource-rich jurisdictions, Victoria has not benefited from soaring coal and iron ore prices.

March 12, 2024
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