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The Latest Breaking News from Tim Pallas

Work starts on nation-first mRNA facility

Biotech giant Moderna's first mRNA vaccine facility in Australia is due to open in 2024, and will produce 100 million vaccine doses per year.

AAP

Two fresh faces to join Vic Labor cabinet

A Victorian government minister has been dumped to make room for two cabinet newcomers after seven Labor MPs shifted their factional allegiance.

AAP

Victoria’s major parties look to contingency funds as part of election commitment costings

Both Labor and the Coalition claim they could achieve forecast surpluses after releasing their costings

The Guardian - AU

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Labor, Coalition promise billion-dollar surpluses in three years as pre-election costings revealed

Labor claims it can return the budget to a surplus exceeding $1b by 2026, while the Coalition says under its plan that figure would be $11.3b. Both parties are relying on raiding contingency funds.

ABC News

Victoria Labor's election promises mystery

Labor has declared it will fund billions of dollars in campaign promises without new taxes, but there's questions over when some projects will get cash.

AAP

Police investigating reports of incitement after independent MP's Daniel Andrews comments

In a video capturing Catherine Cumming standing on the steps of Flinders Street Station, the independent MP said she wanted to make Daniel Andrews turn into "red mist".

ABC News

Victorian government defends budget handling as deficit jumps by $1.8 billion

Tim Pallas says the government took "very calculated and conscious" decisions to steer the state's economy through the pandemic, as fresh figures reveal a $1.8 billion jump in the budget deficit for this year.

ABC News

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mRNA lab deal 'major coup' for Victoria

BioNTech has stuck an in-principle partnership with the Victorian government to establish an mRNA manufacturing facility in Melbourne.

AAP

Glasshouse expansion for protected cropping across the Goulburn Valley gets government tick

A new six-hectare glasshouse in Victoria's Goulburn Valley will produce 4,000 tonnes of tomatoes every year, creating 60 new jobs for the site in the process.

ABC News

‘I take pride in myself now’: Victoria to boost housing access for ex-prisoners

Former prisoners and politicians say having a place to call their own helps reintegrate offenders into society and reduces reoffending rates

The Guardian - AU

Cheaper fees for some Victorian motorists under controversial VicRoads 'privatisation' deal

Victorians will get a discount for road safety and new drivers will get their licences for free under a controversial government deal to privatise part of VicRoads' functions.

ABC News

VicRoads partially privatised for $7.9b

Control of VicRoads' licensing and registration will move to a private consortium for 40 years as the state government privatises part of the service.

AAP

Home builder Metricon denies rumours of collapse as industry faces major cost blowouts

Home builders are being warned to expect higher costs and lengthy delays until at least 2023 as the construction industry faces major financial headwinds.

The New Daily

Mark McGowan's WA budget surplus labelled 'unfair distortion' by Victorian Treasurer Tim Pallas

WA Premier Mark McGowan gets his response after goading the other states on the WA budget result, saying they would be "green with envy".

ABC News

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AAP

Vic treasurer justifies project blowouts

Several Victorian infrastructure projects will cost taxpayers billions of dollars more than initially estimated but the treasurer has justified the overruns.

The Guardian - AU

Engineers welcome bid to rein in cost blowouts in Victorian government projects

Victoria’s treasurer, Tim Pallas, says government will standardise construction contracts and set up register of projects

AAP

Tax relief not considered for Vic budget

Cushioning the blow of payroll taxes on businesses was not considered in Victoria's budget as the state instead eyes fiscal repair.

The Guardian - AU

Victorian government delivers a budget that’s a tale of two elections

Analysis: While the budget seeks to repair the damage of the past two years, it’s clear some wounds are yet to heal

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The Guardian - AU

In an election budget, Victorian treasurer Tim Pallas is fighting a war on many fronts

Analysis: To fight his way back to surplus, Pallas relies on economic growth rather than spending cuts or increased taxes

The Guardian - AU

Victoria’s treasurer delivers health-focused budget and promises return to surplus

Tim Pallas announces new hospitals, clearing of a surgery backlog and hiring of thousands of healthcare workers

AAP

Vic future fund to pay down pandemic debt

Treasurer Tim Pallas says Victoria's rising debt will be kept in check using a newly created future fund, predominantly financed by revamping its roads agency.

ABC News

Victorian budget 2022 piles on debt to pump money into strained health system, education

Victoria's election-year budget will pile on debt to fix the state's beleaguered health system and continue to pump money into education and transport, all while it attempts to claw back a modest surplus in just four years.

The Guardian - AU

Victoria’s treasurer flags surplus in 2025/26 ahead of the state budget

Tim Pallas says Tuesday’s budget shows the state performed better than expected this financial year

AAP

Vic to spend $12b on health post-COVID

Stretched to its limits over the past two years, Victoria's health system will receive a $12 billion boost as part of this year's pre-election budget.

ABC News

Victorian state opposition unveils election promise for 'strong' IBAC and Ombudsman

Opposition Leader Matthew Guy says under the pledge, the Coalition will pump an extra $10 million into IBAC's budget per year and increase the Victorian Ombudsman's funding by $2 million per year.

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