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Labor confirms $7.5b budget deficit for 2019/20

23 July 2020

Tim Pallas this morning confirmed that the State Budget will be $7.5 billion in deficit for the financial year 2019-20. This comes just one week after ABS figures revealed 169,000 Victorians had lost their jobs since March. Figures released by the Department of Treasury and Finance earlier this year confirmed...

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Unemployment rises to 22-year high

16 July 2020

There has been a third consecutive rise in unemployment in Victoria, according to today’s unemployment figures released by the Australian Bureau of Statistics (ABS). The unemployment figure for June in Victoria was 7.5 per cent, up from 6.9 per cent in May and 5.2 per cent in March, when COVID-19...

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Labor sells small business short as restrictions hit hard

14 July 2020

The latest offering of support from the Andrews Labor Government falls woefully short of what Victorian small businesses need to get them through the second round of lockdowns. A $5,000 grant won’t go far enough to ensure owners can survive six weeks of reimposed Stage 3 restrictions. And many small...

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