Victorian Budget Delays Airport Rail Link
Government Outlines Financial Position
Budget Highlights
The Victorian budget has confirmed delays to the Airport Rail Link as the state government outlines its financial position.
Resulting from transactions for the general government sector, a deficit of 25 billion was recorded. The budget allocated an additional 18 billion to hospitals, while the government expects to spend 983 billion and collect 961 billion in 2024–25.
Victorian Premier Jacinta Allan relies on a surplus in 2023–24 to balance the budget. The state government anticipates a deficit of 59 billion for the three months ending on September 30, 2021, with a net cash flow deficit from operating activities.
Conclusion
The Victorian budget reflects the state's challenging financial situation. Despite the delays to major infrastructure projects, the government has prioritized funding for essential services like healthcare. The budget's impact on the state's long-term financial stability remains to be seen, but it undoubtedly highlights the need for prudent fiscal management in the years to come.
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