According to the Herald Sun, Treasurer Paras has submitted a 2019 Victoria budget, will implement projects in Victoria’s rail network and local roads, and invest in early education.
This spending mentions many of last year’s campaign promises, including the Northeast Link project, the upgrade of the Sunbury line, the new Footscray Hospital and 1,600 new hospital beds. The key points of this budget are listed from the following aspects:
Education
By 2022, a 5-hour free kindergarten will be provided for all 3-year-olds, and the corresponding supporting facilities will be upgraded and transformed.
Health
A large amount of funds are used to build hospitals and increase pension insurance, etc.
Economy and employment
Economic growth rate is expected to slow to 2.75% in this fiscal year, and maintain this level.Wage growth rate rose from 3% in 2019-20 to 3.5% in 2022-23. 150 million yuan for Victorian employment and investment funds Large infrastructure projects will provide 115,000 jobs
living cost
209 million yuan was used to build 1,000 new public housing units, and 1.3 billion yuan was used to install taxes on solar panels, hot water or batteries for 770,000 homes in 19 years.
Fees & Penalties
Income tax in the less developed areas reduced by RMB 260 million. Golden tax levied, tax paid by luxury car buyers, and tax increase for foreign investor buyers. Fine-speed cameras fined up to RMB 1.9 billion in 4 years.
Sports and tourism
A large amount of funds are used to improve community sports facilities and tourism. Including the development of the Victoria Basketball Centre and Melbourne Arena, and the establishment of 7 high-end clubs for 47.5 million yuan to reduce the boat slope parking fees and improve vessel safety.
Law and order
Part of the funds are used to expand prisons, reduce juvenile delinquency through intervention programs, and review the private security industry.
Safety
The funds were used to allocate 185 million yuan for homelessness to prevent domestic violence. 23.9 million yuan was used to help women and children escape from domestic violence.
https://www.1688.com.au/australia/national/2019/12/12/707967