Whereas the Mid-Year Economic and Fiscal Outlook is a mid-year budget report which provides updated information to allow the assessment of the Government's fiscal performance against its fiscal strategy, the PAES update the most recent budget appropriations for agencies within the relevant portfolio. Funding is provided to support the operation of Ethical Clothing Australia and the accreditation process for the Ethical Supplier Register. Helping regional communities recover from the coronavirus (COVID-19) pandemic and the 2019-20 bushfires by investing in the health of iconic waterways that underpin regional tourism and jobs. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. Budget Paper 1 is the speech the Treasurer gives to outline the Budget to Parliament and Victorians. Thus the increased wages bill should not be attributed solely to COVID support measures. 133 677 $24.5 million for boosting waterway health to support the long-term wellbeing and prosperity of Victorian communities who depend on healthy waterways and catchments. $10 million to support the delivery of the Climate Change Strategy and seizethe economicopportunities of the transition to netzero emissions. 3 and No. In my view, the budget does not provide sufficient investment in the programs required by the Victorian government to generate the operating efficiencies targeted in this budget, or greater. Bringing the Commonwealth Games to our regions. Treasurer Tim Pallas delivered the Victorian State Budget for 2021/22 on 20 May with relief in regard to payroll tax for some businesses but with an additional tax based on payrolls for others. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. $110.4 million to build on the record $1.6 billion Clean Energy Package in the 2020-21 Budget while enhancing our energy security and lowering powerline-related bushfire risk. The Victorian Budget 2022/23 includes a range of initiatives demonstrating the Victorian Governments commitment to equality for all Victorians. Historical Budget documents are available for reference purposes. Building on past funding programs, the government quite rightly continues to invest in maintaining emergency service infrastructure, including: Construction continues unabated across police, schools, hospitals and TAFEs: $265M has been budgeted to upgrade and maintain several metropolitan and regional roads, including making the Calder Freeway safer. The PAES facilitate understanding of the proposed appropriations in Appropriation Bills (No. Funding of $15.6 million will increase mechanical fuel treatments like slashing and mowing particularly in high risk and long untreated areas to ensure fuel management can be delivered even when it is not safe to burn (e.g. The budget announced $180M in digital service delivery. 4-in-1 Wonder: Detroit Castle Is a $1.2M Trip Through Design History 23 hours ago . Putting Patients First | Victorian Budget 21/22 | Victorian Budget Menu Putting Patients First This is a Budget that puts patients first. Of note, $16.2M is provided to strengthen the Department of Treasury and Finances monitoring of the states infrastructure pipeline and undertake capital project assurance reviews. Treasurer of the State of Victoria Victorian Budget 2021/22 SERVICE DELIVERY Budget Paper No. Category Not only does the Victorian Budget 21/22 have minimal spend for businesses outside construction and infrastructure, it also carries a Department of Premier and Cabinet directive to reduce spend on consultancies and contractors. bringing forward to 1 July 2021 the previously announced increase to the tax-free payroll tax threshold from $650,000 to $700,000; reducing the payroll tax rate for regional employers from 2.02% to 1.2125% from 1 July 2021; removing the indexation freeze on fee and penalty units, resulting in a 10% increase in fines and penalties from 1 July 2021; It provides an overview of the investments that departments and government-controlled entities will deliver in the coming financial year. If these changes impact your business and you would like to discuss your payroll tax situation, please contact me for an initial discussion. Find further information about our office locations, Address: 8 Nicholson St, Melbourne 3000 $21.2 million to establish the Office of Bushfire Risk Management within the Department of Environment, Land, Water and Planning (DELWP), to lead and coordinate the implementation of evidence-based fuel management policy, practice, assurance and reporting across all land tenures. Coming into effect from 1 January 2023, payroll tax deductions will be available for businesses with annual taxable Australian wages, On 20 October 2021, NSW Treasurer Matt Kean introduced a Bill to the NSW Parliament to amend the Payroll Tax Act 2007 to allow a 50% waiver of payroll tax for 2021/22 for eligible employers. since the 2020-21 Budget and $7.1 billion TEI in new capital investment. 4), A starter guide to financial management in government, Financial reporting directions and guidance, Annual leave and long service leave arrangements, Standing Directions 2018 Under The Financial Management Act 1994, Planning, Budgeting and Financial Reporting Frameworks, Corporate planning and performance reporting requirements, Financial management annual compliance reports, Victorian risk management framework and insurance management policy, Machinery of government changes - VPS operating manual, Barwon Water Biosolids Management Project, Biosciences Research Centre Project (AgriBio), Fulham Correctional Centre Contract Extension Project, Ground Lease Model project (Public Housing Renewal Program - 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This will support implementation of the Fair Jobs Code, which was flagged as a Labor election commitment in 2018, including undertaking education and compliance activities. 1) 20212022, Regional Ministerial Budget Statement 2021-22 - Supporting Regional Recovery and Growth, Portfolio Additional Estimates Statements 202122: Treasury Portfolio, Budget Paper No. Savings could have been made by a stronger focus on efficiency gains, delivered in partnership with business, rather than raising taxes. $8.74 million over 2 years for the Conservation Regulator to ensure the effective regulation and protection of Victorias wildlife and forests. $20 million for the kids free policy at Zoos Victoria on weekends, Victorian public holidays and school holidays to encourage Victorian families to visit our world class zoos. 2 outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy. These services will focus on early intervention, so Victorians get the care they need much sooner to improve their wellbeing. $3.05 million to fund the review of the 1975 Wildlife Act to better protect our wildlife and align withtheprinciples and features ofcontemporarylegislation such as transparency and accountability. Photograph: Joel Carrett/AAP Tue 3 May 2022 13.30 EDT Last modified on Wed 4 May 2022. The Rural and Regional Budget Information Paper summarises the Governments priorities for rural and regional Victoria. The VSA will provide a new focus for state-wide and local problem-solving to support skills supply, strengthen the quality of teaching and training, and drive collaborative innovation across the vocational educational and training sector. The Budget Update provides revised estimated financial statements relative to the previous Budget, including the projected outcome for the end of the current financial year and revised estimates for the forward years. Funding will also include establishing a support service or agency to assist on-demand workers. As with the previous Victorian Budget, the key feature of the 2021-22 Budget is on recovery from the economic impact of COVID-19. The funding is provided to maximise government procurement opportunities for local businesses and workers. east Contact Transport for NSW . 2021-22 State Budget The 2021-22 State Budget was delivered on Thursday 20 May 2021. . Visit the Victorian Budget website for more information. The budget provides projections of government revenue and expenditure for the following year, and outlines services to be delivered. The VSA will develop platforms to make information available to support decisions by industry, providers and students. $4.7M is provided to construct and operate a, $500M over four years to expand and improve, $72.4M for Bendigo Kangan Institutes Broadmeadows. culture and traditional practices. Victoria's population growth is expected to grow slightly in 2021-22, rising further by 1.2 per cent in 2022-23, as Announced in the Budget is. $5.8 million tohelpthe North EastCatchment Management Authority and EastGippsland Catchment Management Authority deliver the Restoring Waterways and Catchments (bushfire recovery) project. You should only rely on the exact detail of the changes once the legislation is passed. Finally, $180M over four years has been budgeted to commence development of the former General Motors Holden site at Fishermans Bend into a centre of innovation in advanced manufacturing, engineering and design. Ironically, though, for a budget looking to boost economic activity, this is not a budget that is sympathetic to businesses unless of course you operate in the construction and infrastructure sector. Media releases from the 2021-22 State Budget. 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