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Victorian government growth lobby

Victorian Budget: GSP +1.5% BUT population +1.7%

The Victorian state budget was released today. The estimate for gross state product growth is 1.5% and population growth at 1.7% Note forecast for population growth has been raised to 1.7% for outlook period (until 2016) compared to 1.6% for previous budget. 0.1% seems tiny, but that is a 6.25% increase. No one is pointing out that per capita Victoria is going backwards.
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