Victorian Pre ‐ Election Budget Update – November 2010 Victorian Pre‐Election Budget Update Victorian Pre‐Election Budget Update www.dtf.vic.gov.au November 2010 The Secretary Department of Treasury and Finance 1 Treasury Place Melbourne Victoria 3002 Australia Tel: +61 3 9651 5111 Fax: +61 3 9651 5298 Website: www.dtf.vic.gov.au Printed by Stream Solutions, If you would like to receive this Level 3, 157 Spring Street, Melbourne, 3000. publication in an accessible format please telephone 9651 0909 or Published by the Department of Treasury and Finance email
[email protected]. © Copyright State of Victoria 2010 This document is available in PDF format at www.dtf.vic.gov.au. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968. ISSN 1838‐5982 Published November 2010 Printed on recycled paper. Pre-Election Budget Update A report by the Secretary of the Department of Treasury and Finance November 2010 TABLE OF CONTENTS Foreword .................................................................................................................................. 1 Chapter 1 – Economic conditions and outlook........................................................................ 3 International economic conditions and outlook ....................................................................... 3 Australian economic conditions and outlook............................................................................ 4 Victorian economic conditions and outlook