Victorian state budget signals tough decisions, focusing on postponing big Melbourne infrastructure projects and investing in housing.
The Victorian state budget is unlikely to contain any pleasant surprises, with Premier Jacinta Allan signaling a "tough" budget with "hard decisions" in "challenging" circumstances. Regional areas may not see significant funding for projects or investments, as the focus is on slow-tracking and postponing big Melbourne infrastructure projects. Housing, however, might see more investment, as regional Victorians face a national housing crisis with high prices and low rental vacancies. The state government has committed a minimum of $765 million to address these issues.
May 06, 2024
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