CEO Update – August 2025

20/08/2025

Many of you will be aware that in recent weeks, Committee for Ballarat members and their guests have heard from both the State’s Treasurer Jaclyn Symes and the Opposition Shadow Treasurer, James Newbury MP, the Member for Brighton. Our economic focus will be rounded out with an industry view from the Bendigo Bank’s National Chief Economist, David Robertson

As reported in July, the Treasurer spoke to the reduction in government spending and a subsequent reduction in the state’s deficit, with operating surpluses being forecast over the next four years.

James Newbury outlined a number of key differences in the Opposition’s policies, highlighting their clearly articulated Economic Framework for the state’s economy. He proposed decentralisation as a key pillar of their framework, and a Liberal Government would work to reverse what they see as Labor’s priority on “centralising in Melbourne”.

Read more about Mr Newbury’s presentation to members here.

What is clear from Mr Newbury’s comments is a policy difference regarding regional Victoria. Mr Newbury spoke to the danger of the current trajectory of over 8.5 million people, or 80-85% of the state population, living in Melbourne, as proposed by the Government’s Plan for Victoria.

Committee for Ballarat will continue its non-partisan advocacy for a more equal distribution of population growth into the regions, including Ballarat and Central Highlands. Our advocacy will promote constructive policy discussions that result in investment in regional development to attract business and industries of the future, the education, skills and experience we need, and spending on the necessary physical and social infrastructure that we know creates great communities.

As we move towards a State Election in Nov 2026, let us hope for a contest based on Policy, not Politics. What I hear often from Committee for Ballarat members is a desire for our political representatives to debate policy with a vision for the State that positions hope and optimism for the years ahead.

We want to see a state that is thriving, one that enables vibrant, sustainable and innovative businesses as well as an enviable quality of life for all.  What we do not want to see is political point scoring that is more about short term headlines, aimed at maintaining or getting into power, at the expense of the long-term interests of the state and all people who live here.

Let’s all work together to put great policy in the driver’s seat, with room for politics only in the back seat.