The Victorian economy has begun to recover from the delta outbreak and associated restrictions. This is, however, only a beginning and the tasks of locking in the recovery of activity and employment and catching up on ground that has been lost over the past two years will still require considerable attention in the 2022-23 Budget. Alongside this priority, the Government should also take measures that will set the state up for advances in living standards over the medium to longer term.

A confident and engaged business sector is critical to meeting these challenges and Ai Group’s proposals for the 2022-23 Budget are aimed at encouraging a rapid recovery of business investment and private sector employment both in support of recovery and repair and to secure the advances in productivity needed to underpin future improvements in living standards.