Victoria Budget 2020 winners and losers

Posted

November 24, 2020 18:02:02

The Victorian Government is borrowing and spending billions to help the state’s economy recover from the pandemic. There aren’t many immediate losers in a big-spending budget like this, but all the wins come at a cost.

Winner: Social housing

The Victorian Government will spend $5.3 billion on building 12,000 homes over the next four years.

Construction on some projects will start immediately and a quarter of the funding will be allocated to regional Victoria.

The package will create 9,300 new social housing homes, including 2,000 specifically for…