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Lotto Windfall Boosts State Budget Amid Warnings About Election-Year Spending Splurge

The budget sets aside $2.5 billion for cost-of-living relief and $3.9 billion for health as net debt climbs toward $199.3 billion.

Jacyln Symes has announced the 2026 Victorian state budget, with funding initiatives targeting health, infrastructure, transport and education. The crucial announcements come as Labor premiere Jacinta Allan braces for a hotly contested state election.

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Australian Financial Review broke the news in Sydney, Australia on Tuesday, May 5, 2026.
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