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