The Age
·general
·3 hours ago
Victoria forecasts $1 billion surplus despite track record of overestimating surpluses
Victoria's Treasury forecast a $1 billion surplus for the coming year, but history suggests skepticism is warranted. Final audited figures show Treasury overestimated surpluses in four of the past five years, with the 2024-25 deficit $435 million worse than predicted. The budget also assumes Middle East conflict resolution and 1.5 percent economic growth, significantly higher than analyst forecasts.
Summary by Glance · The Age
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