Yesterday’s budget delivered most of Labor’s election promises, with billions for health, education, emergency services and roads and rail.

Up to $22 billion will be spent on new infrastructure projects but only about $6 billion has been allocated to start them within four years.

The previous government’s 2.5 per cent spending growth limit has been abandoned, with Labor deciding 3 per cent is a more realistic figure.

That means more money for nurses, teachers and paramedics, with public wages up 7.1 per cent then running at 3.4 per cent over the forward estimates.

Treasurer Tim Pallas said 96 per cent of Labor’s promises were delivered in the budget, with the rest to be delivered in future budgets.

“We’re prioritising things that are important to Victorian families,” he said.

“We are delivering and improving services, and that will come at a cost, but a manageable cost.”

The budget had money for household spending, including school lunches, uniforms and camps.

It also played up the time saved with level crossing removals and duplication of bridges at key suburban choke points.

Shadow treasurer Michael O’Brien said the budget contained a hidden tax by lifting the growth of government fees and charges by more than the rate of CPI.

There were also new taxes on foreigners — including most foreign-owned companies — purchasing Victorian real estate.

Despite a focus on big business, VECCI chief Mark Stone said hundreds of smaller businesses would benefit because of their part in the supply chain.

The Australian Industry Group said the $22 billion of infrastructure was welcome but significant investment would not pick up until next financial year.

Mr Pallas said the $1.2 billion surplus included $2 billion the federal government provided for the axed East West Link, which has to be spent on a road project.