Victorian Treasurer to Unveil Biggest Ever Budget

Victorian Treasurer to Unveil Biggest Ever Budget
Victorian Treasurer Tim Pallas at a press conference in Melbourne, Australia on Nov. 23, 2020. Daniel Pockett/Getty Images
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Victorian Treasurer Tim Pallas will borrow up big and spend his way out of the state’s coronavirus-induced recession in his sixth budget.

Just hours before the budget is unveiled on Tuesday, Premier Daniel Andrews announced an additional $3 billion (US$2.18 billion) will go towards upgrading and building new schools, creating some 6,400 jobs.