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1.Market Observations, 8.Was Sticky

1 May 2017 (TheAge) – Victorian budget to unveil $8.3 billion in surpluses over four years

(1 May 2017, The Age, p2, Josh Gordon, Benjamin Preiss)

‘The Andrews government is preparing to unveil $8.3 billion worth of budget surpluses over the next four years, providing a hefty buffer to unleash new spending as next year’s election looms. Tuesday’s state budget will confirm Victoria remains flush with cash, with strong revenues from property, business activity and rising employment flowing into Treasury’s coffers. Spending is expected to continue rising solidly, underpinned by a soaring public sector wage bill and other costs linked to booming population growth.’

Read more at TheAge.com.au

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