State government wage bill soars as debt and deficit eases

But the new budget data covers the 12 months to June 30 and does not reflect the fresh blow to the economy and its impact on the budget from Melbourne’sbudgets across the nation, plunging all the states and territories, except Western Australia, and the Commonwealth deep into deficit and leaving them heavily indebted, with Victoria faring worse among the jurisdictions.

An unprecedented $15 billion was spent on state government capital works in 2021, which Treasurer Tim Pallas claimed on Friday was a key factor in keeping the economy functioning through the COVID-19 crisis. The red-hot housing market drove the government’s stamp duty take past $6.4 billion, $470 million higher than expected, and more than enough to offset most of the tax breaks in the pandemic stimulus and relief efforts, and leaving the state’s total tax take about $145 million higher than expected.in December and January, after Melbourne’s long lockdowns ended, drove taxes on losses on the machines up to $665 million, more than $77 million above expectations.

“The eye-watering deficit of $14.7 billion should concern all Victorians, and much of the large capital spend is being mismanaged with project cost blowouts now a sad norm under Labor,” the Liberal frontbencher said.

noeltowell The picture explains more of the truth than riot police protecting money&government.Protecting people's human rights is not in their vocabulary.Capitalism makes people cruel&hostile.Turned our world into a garbage dump, literally& psychologically whatwouldjungdo

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