Victoria’s treasurer flags surplus in 2025/26 ahead of the state budget
by Benita Kolovos from World news | The Guardian on (#5YSVN)
Tim Pallas says Tuesday's budget shows the state performed better than expected this financial year
The Victorian treasurer, Tim Pallas, says his plan to protect jobs and the economy during the pandemic has paid off, with the state budget flagging a return to surplus within four years.
His eighth budget, to be handed down on Tuesday, will forecast a $7.9bn deficit in 2022/23, $3.3bn in 2023/24 and $1.1bn in 2024/25, before a predicted $650m surplus in 2025/26.
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