Victorian Budget To Create Jobs And Help Victoria Recover

VIC Premier

The Victorian Government will deliver the Victorian Budget 2020/21 on 24 November.

The Budget will continue vital support for Victorian families, businesses and jobs, and kickstart an unprecedented investment in infrastructure and services our state will need for decades to come.

Coronavirus has taken a huge toll on economies around the world. And as other countries re-enter lockdowns, our success in aggressively suppressing the virus means Victoria is in a position to re-open, rebuild and grow.

The Budget will build on the billions of dollars in support and stimulus the Government has already announced – delivering jobs for Victorians and helping repair the damage this once-in-a-generation pandemic has wrought.

The Government has provided more than $13 billion towards measures to fight coronavirus, including more than $6.5 billion in direct economic support for Victorian businesses and workers. It includes $2.25 billion in Business Support Fund grants for 127,000 small and medium businesses.

As stated by Treasurer Tim Pallas

“This Budget will continue our unprecedented support for Victorian families and businesses, and kickstart our economic recovery from the coronavirus pandemic.”

“Our success in suppressing this virus mean we are ready to re-open and rebuild – and we will invest like never before in the infrastructure and services our state needs for the future.”

/Public Release. The material in this public release comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.