VIC State Budget 2023/24
24/05/2023
The 2023/24 State Budget delivered by the Victorian Government seeks to repay COVID-19 debt through taxing big business and property investors. Temporary levies and job cuts are central to the 10-year fiscal repair plan which are set to impact business and employment.
Key takeaways
- Larger businesses and landlords will have to pay additional taxes to help the Government repay the COVID debt
- The Government continues to invest in education and healthcare as this remains a key focus
- Certain infrastructure projects have been paused such as the Melbourne Airport Link. However, the Government continues to invest in road upgrades and railway networks.
