Victoria Public Sector Racks up $50.6 Billion in Deficits Over 6 Years

Victoria’s operating expenses increased by $6.7 billion in the 2025 financial year. Victorian Premier Jacinta Allan speaks to media during a press conference in Melbourne, Australia, on Nov. 14, 2025. AAP Image/James Ross11/25/2025|Updated: 11/25/2025Victoria’s public sector has amassed $50.6 billion (US$32.7 billion) in deficits over the past six years, according to the auditor-general.The Allan Labor government’s income increased by $8.3 billion from higher taxes and federal grants, but still recorded an operating loss in the 2025 financial year.Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]Author’s Selected Articles