AAP General News (Australia)
04-18-2000
Vic: Sharemarket plunge won t affect budget, Bracks
Victorian Premier STEVE BRACKS says yesterday's drastic sharemarket plunge won't affect
Victorian government investments or next month's state budget.
Mr BRACKS says that despite the downturn in the market, the government will have similar
growth and revenue projections.
The Premier says the state government has considerable investments in the market, through
superannuation funds and the Transport Accident Commission.
But he says investments are long-term and the crash in Internet and new technology
stocks won't have a significant effect on the structure of the accounts.
AAP RTV pjb/jlw/dmc/rt
KEYWORD: BUDGETVIC MARKETS (MELBOURNE)
2000 AAP Information Services Pty Limited (AAP) or its Licensors.
No comments:
Post a Comment