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For FamiliesVictorian Budget 2015|16
Tim Pallas MPTreasurer
Presentation to the Public Accounts and Estimates Committee
Victorian Budget 2015 |16 For Families
100,000 jobs
Massive boost to hospitals
Biggest‐ever education budget
Victorian Budget 2015 |16 For Families
Fiscal overviewOperating surplus
2014‐15 2015‐16 2016‐17 2017‐18 2018‐19
2.0
1.5
1.0
0.5
0
(billion)
Source: Victorian Budget Information Paper number 1
Victorian Budget 2015 |16 For Families
100105110115120125130135140145150
2009
‐10
2010
‐11
2011
‐12
2012
‐13
2013
‐14
2014
‐15
2015
‐16
2016
‐17
2017
‐18
Restricting expenditure growth to 2.5 per cent was unsustainable
Expenditure growth of 2.5 per cent
CPI and population
Victorian Budget 2015 |16 For Families
Fiscal overviewNet debt
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
25000
20000
15000
10000
5000
0
($ m
illion)
Source: Department of Treasury and Finance
6
4
2
0
Net debt historical (LHS)
Net debt (2015‐16 Budget) (LHS)
Net debt to GSP historical
Net debt to GSP (2015‐16 Budget)
(per cent)
Victorian Budget 2015 |16 For Families
Infrastructure expenditureTotal capital expenditure $5.2 billion in 2015‐16
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
7
6
5
4
3
2
1
0
(per cent)
Source: Department of Treasury and Finance
Government infrastructure investmentHistorical averageEstimated average
Victorian Budget 2015 |16 For Families
School upgrade
School maintenance
New school
TAFE Rescue FundThe Education State
Victorian Budget 2015 |16 For Families
School upgrades
New schools
TAFE Rescue Fund
The Education State
Victorian Budget 2015 |16 For Families
$2.1 billion for our health system
Admitting 60,000 extra patients
Treating 40,000 emergency patients
Four upgraded hospitals for the suburbs
New Western Women’s and Children’s Hospital
Fixing our ambulance system
SEYMOUR
BENDIGO
MARYBOROUGH
BALLARAT
KILMORE
MORWELLTRARALGON
LEONGATHA
Victorian Budget 2015 |16 For Families
GEELONG
WERRIBEE MERCYHOSPITAL
BALLARAT BASEHOSPITAL
MONASH CHILDREN’SHOSPITAL HELIPAD
MONASH MEDICALCENTRE UPGRADE
CASEY HOSPITALEXPANSION
WESTERN WOMEN’SAND CHILDREN’S
Hospital upgrades
ANGLISS HOSPITALEXPANSION
Victorian Budget 2015 |16 For Families
Removing 50 level crossings
Identified for removal
SOUTH YARRA
YARRAVILLE
KENSINGTONROYAL PARK
RICHMOND
COLLINGWOOD
Victorian Budget 2015 |16 For Families
CBD
DOMAIN
PARKVILLEARDEN
Melbourne Metro Rail Project
Victorian Budget 2015 |16 For Families
Less time on busy roads
CRANBOURNE‐PAKENHAMLINE UPGRADE
THOMPSONS RDDUPLICATION
CHANDLER HWYDUPLICATION
WESTERN RING RDUPGRADE
CITYLINK‐TULLAWIDENING
MERNDA RAILLINK
WESTERNDISTRIBUTOR
SWAN STREETBRIDGE UPGRADE
WEST GATE DISTRIBUTOR
For FamiliesVictorian Budget 2015|16
Tim Pallas MPTreasurer
Presentation to the Public Accounts and Estimates Committee