Victoria Reports Surplus but Faces $194 Billion Debt Projection
Expenditure on health, housing, education, and transport is increasing, while spending on infrastructure is being reduced and public service positions are being cut.
Victoria has posted a slight operating surplus of $600 million—the first since the pandemic began—yet taxpayers are still facing the prospect of rising net debt, which is now expected to reach $194 billion by June 2029.
This marks an increase from the previously estimated $167.9 billion for 2025–26, with debt servicing expenses projected to rise from $21 million to $29 million daily by 2027–28.
