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Victoria’s Debt Tipped to Hit $200b as Cost-of-Living Relief Runs Dry
Treasury says cash deficits will top $30 billion over four years as annual interest repayments rise to $11.8 billion by 2029/30.
- On Tuesday, Victorian Treasurer Jaclyn Symes handed down the 2026/27 State Budget, projecting state debt will reach $199.3 billion by 2030 while narrowly avoiding a $200 billion net debt forecast.
- Net debt is expected to reach $175.6 billion by the end of next financial year, with annual interest repayments forecast to rise to $11.8 billion, equating to more than $32 million daily.
- While the budget confirms a $1 billion operating surplus, Treasury forecasts more than $30 billion in cash deficits over four years as infrastructure spending falls to $15.3 billion by 2029/30.
- Opposition Leader Jess Wilson criticized the government's financial management, arguing that surging interest payments could instead fund police, ambulances, and kindergartens with money left over.
- S&P Global Ratings analyst Rebecca Hrvatin warned that Victoria's economic assumptions face downside risks, citing potential prolonged Middle East disruption and structurally large fiscal cash deficits.
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11 Articles
11 Articles
The Standard+2 Reposted by 2 other sources
State budget: Victoria's debt tipped to touch $200b as relief runs dry
Victoria faces rising debt as annual interest repayments are forecast to reach $11.8 billion by 2030.
·Warrnambool, Australia
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Coverage Details
Total News Sources11
Leaning Left7Leaning Right2Center0Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
R 22%
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