Business
ASX stock winners from the $23 billion Victorian state budget
State budgets are normally ho-hum affairs for ASX investors, but the $23.3 billion record deficit in the Victorian state budget will deliver benefits to some ASX stocks.
The bungled handling of the initial COVID‐19 response to the pandemic means the state’s economy will suffer this financial year, reported the Australian Financial Review.
But growth should rebound strongly in FY21 with the Andrews government spending big to create jobs to stimulate its economy.
ASX construction stocks the biggest winners
The biggest winners are those involved in infrastructure construction. The state is coughing up close to $10 billion on rail projects like the Melbourne Airport Rail Link.
Then there’s another $2 billion set aside to upgrade…
-
General14 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls
-
General17 hours agoAustralia’s race to rewire the country amid a global transmission boom is not unique
-
Noosa News4 hours agoThe grey backstreet of Brisbane’s Fortitude Valley where Arnie the missing dog was found dead in his owner Nathan McKeown’s black ute
-
General22 hours agoPrincess Diana enters Paris waxwork museum in ‘revenge dress’