Net debt poised to hit close to $200 billion by 2029-30 under last budget before state election

Victoria Budget Projects Debt Near $200 Billion as Election Approaches

Jaclyn Symes has delivered Victoria’s final budget before the 2026 election, projecting the state’s net debt will reach $165.3 billion by June 2026, with further ... The post Victoria Budget Projects Debt Near $200 Billion as Election Approaches first appeared on [your]NEWS.

Victoria’s Debt Set to Hit $165 Billion This Year—Here’s What the Budget Reveals

Victorian Treasurer Jaclyn Symes has delivered the state’s final budget before the 2026 election forecasting a net debt of $165.3 billion in June 2026. The budget’s Statement of Finances revealed Australia’s second most-populous state’s debt is on track to reach $175.6 billion by June 2027, and a predicted $199.3 billion by 2030. In terms of yearly deficit (pdf), Victoria ran a $7.7 billion loss in 2026-27, which is forecast to widen to $8.1 bil…

Net debt poised to hit close to $200 billion by 2029-30 under last budget before state election

Victoria's Debt Balloon Inflates

Victoria claims a budget surplus, but growing debt and election-year spending are fuelling criticism across the state.

Opposition, Legalise Cannabis and Greens react to Budget

Berwick Liberal MP Brad Battin says South East communities are “missing out on the basics” in the 2026-’27 State Budget while the Labor Government “racks up record debt”. “No police at Clyde North Police Station, no Clyde rail, no duplication of Thompsons Road, and deteriorating local roads,” the opposition police and corrections spokesperson said. “The only thing residents can rely on is more debt, more delays and more broken promises. “Victori…

Victoria’s debt to hit $199 billion despite budget surplus

Victoria’s latest budget has been handed down ahead of the state election, with the Allan government leaning heavily on cost-of-living relief and service delivery while questions persist over rising debt. State debt is forecast to reach $199.3 billion by 2029–30, with annual interest repayments projected to climb above $11 billion, even as the budget delivers a forecast surplus of $1.048 billion. Much of the new spending had already been announc…