Victorias Debt Set to Hit $165 Billion This YearHeres What the Budget Reveals

Victoria Treasurer Jaclyn Symes presents the Victorian Budget papers to the media during the state’s budget media lockup in Melbourne, Australia on May 5, 2026. Asanka Ratnayake/Getty ImagesVictorian 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.