Treasurer tips ‘stellar bounceback’ for Victoria

, which intensified from the middle of the year, causing a massive economic contraction. But Mr Pallas said the pandemic would be unlikely to hit the economy hard for a third year.He said his expectation was that the budget would in cash terms return to balance in the not-too-distant future, “well and truly within the forward estimates”.

State unemployment is now expected to average 4.5 per cent in 2021-22, lower than the forecast of 5.75 per cent in the budget. Regional unemployment is expected to fall to 3.3 per cent. The bottom line has also been buoyed on the revenue side, with booming house prices continuing to fill the government’s coffers with. Expectations for payroll taxes are also being raised, with the jobless rate expected to continue to fall.

But having already imposed a range of new taxes over the past seven years, the government isn’t ruling out imposing new ones to balance the books.

timpallas couldn’t find his rather well upholstered arse in a dark room. He’s never had a job and wouldn’t know the first thing about business and the people who pay his wages.

Listen to all this warmongering rhetoric... it's carefully planned to prepare your mind

Are tax payers paying for this massive Labor campaign? Plenty of red shirts still available?

Victoria's finances were well and truly battered before the virus. $5 Billion debt when Kennett voted out in 1999 and now $165 Billion with Billion$ unaccounted for in massive Transport blowouts under 18 1/2 years of the last 22 years of state labor rule says it all. Duds.

Nothing left after their Scorched earth policy

Liberal’s destroy the economy Labor builds the economy

Like our esteemed Premier, Mr Pallas has never had a job outside of politics. Explains why our state finances are in absolute disarray and this prediction will age worse than Burnett's modelling.

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