Daniel Andrews warns of ‘very difficult measures’ in May budget as government works to get state finances on track post-Covid
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A Labor MP said recent language used by the government regarding the budget was not a case of expectation management.Both sources said it is expected the brakes will be slammed on major infrastructure projects, singling out the Geelong Fast Rail and Melbourne Airport Rail. It follows reports the New South Wales government is also considering pausing projects due to cost blowouts., Victoria’s net debt is forecast to surge from $116bn in 2022-23 to $166bn by 2025-26, which is equivalent to 26.
“Our budget will be delivering on all the election commitments that we made. Beyond that, it will have to have some very difficult measures within it because for the best of reasons at the worst of times, we went and borrowed billions and billions of dollars to get us through a one-in-100-year event,” Andrews said on Sunday.
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