The Federal Government has outlined $66 million in budget spending to improve water management over the next four years, with State Water Minister Peter Walsh saying the move will establish the state as a world leader in water practice.


"Over the next four years $50.4 million will be invested to improve water resource measurement and management," Mr Walsh said.


"This money will be used to improve surface water monitoring and data management, groundwater monitoring through the State Observation Bore Network, the Victorian water register and integrated water analysis and reporting.”


"Importantly funds will be used to manage potential risks to water availability to minimise the impacts of future droughts.”


The State Government will also invest $7.25 million to review Victoria's water legislation and co-ordinate activities under the Murray-Darling Basin Plan.