Victorias Debt Set to Hit $165 Billion This YearAnd What Else Is in the Budget

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Victorian Premier Jacinta Allan at the Melbourne West Police Station in Melbourne, Victoria, Australia on July 31, 2025. AAP Image/Joel CarrettVictorian 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.

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