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Victoria targets 400,000 jobs in big-spending budget

The Victorian government will spend close to $50 billion over the next four years to attempt to create 400,000 jobs, in a big-budget gamble which will leave Victoria owing $155 billion by 2024 and the title of the country's most indebted state.

Tax breaks for business, wage subsidies for women and young workers and a record “big build” across infrastructure, housing and schools will be deployed to try to recover 180,000 jobs lost between March and September, during the state’s extended lockdown.

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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
Hannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/policy/economy/victoria-targets-400-000-jobs-on-back-of-big-budget-20201124-p56hh0