Vic budget aimed at growing economy

Written By Unknown on Senin, 06 Mei 2013 | 23.53

VICTORIANS can expect a budget custom-made for growing the economy, growing employment and growing surpluses, state treasurer Michael O'Brien says.

Mr O'Brien is expected to deliver a $225 million surplus for 2013/14 when he hands down his first budget in state parliament on Tuesday.

He says the figure is based on a revised Australian accounting standard for the reporting of superannuation obligations but once the accounting change is stripped out the prediction is $817 million, slightly down on the $835 million forecast in the December budget update.

"This budget is one which builds for growth in Victoria," he says.

"It's a budget which delivers a growing economy, growing employment, growing surpluses and major new infrastructure.

"We have seen governments around the country plunge into debt and deficit and Victoria has avoided that path."

The state's budget surpluses over the next four years are forecast to grow to $2.5 billion by 2016/17.

Among pre-budget announcements in recent weeks the government will give $238 million to train more doctors and nurses, $224 million for disability support, $170 million in extra road maintenance funding over three years and a $100 million boost for the southeastern Frankston train line.

Shadow treasurer Tim Pallas says the coalition owes it to Victorians not to increase basic daily expenses.

"The most important thing they can do is not increase the cost of living for Victorians," he says.

AAP mj/jxt/


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