Mark Stone AM
News 12 April 2019

From the Chief Executive 12 April 2019

Federal Treasurer Josh Frydenberg delivered his first Budget on 2 April 2019, providing some key initiatives for business in Australia.

The Victorian Chamber welcomed several of these, including returning the Budget to surplus in 2019-20, its inclusion of tax relief for small and medium-sized businesses, the $525 million funding boost to skills and training and its $6.2 billion investment in Victorian infrastructure. 

The Budget will help Victorian businesses get workers with the skills they need, reinvest in capital and expand internationally.

While the national economic outlook has moderated, economic growth is expected to remain stable with growth supported by household consumption, business investment, public final demand and exports.

However, risks to the economy remain around global economic conditions, a deeper than expected correction in the domestic housing market and further drought and flood events.

Read the full Victorian Chamber Overview of the 2019–20 Federal Budget and Budget Reply.

In other news, the State Government has today announced the decision to postpone its budget until after the Federal Election. The Victorian Budget will now be handed down on Monday 27 May.

As a result, the Victorian Chamber will be deferring our annual Post-Budget lunch with Treasurer of Victoria, Tim Pallas MP. The event was originally scheduled for Wednesday 1 May, and will now be held on Tuesday 28 May.

Lastly, registrations for the 2019 Victorian Manufacturing Hall of Fame Awards gala dinner are now open. To be held on Tuesday 14 May, the Victorian Chamber is delighted to again partner with the State Government to present the awards for a second year.

In line with National Manufacturing Week, the theme of this year’s awards is Industrial Evolution, highlighting the strength and diversity of manufacturing in Victoria and celebrating companies and individuals who excel in business innovation, productivity, and who contribute to strengthening the State’s economy. We hope you can join us for the manufacturing industry's night of nights. Book your tickets now.

Media Contact

All media enquiries may be directed to the Media and Communications Manager

03 8662 5310

0423 883 945

For all other enquiries please contact the Victorian Chamber on 03 8662 5333

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