The Victorian treasurer, Tim Pallas, says his plan to protect jobs and the economy during the pandemic has paid off, with the state budget flagging a return to surplus within four years.
His eighth budget, to be handed down on Tuesday, will forecast a $7.9bn deficit in 2022/23, $3.3bn in 2023/24 and $1.1bn in 2024/25, before a predicted $650m surplus in 2025/26.
