Labor’s 2026-27 budget shows $727m operating surplus for this financial year as debt forecast to soar by decade’s end
Winners and losers: Victoria’s 2026 budget cuts transport costs and helps parents – but will future generations suffer?
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Victoria has recorded a surplus for the first time since the pandemic but the state’s financial recovery remains uncertain with debt forecast to near $200bn in coming years amid global uncertainty.
The 2026-27 Victorian budget, handed down on Tuesday, shows the state recorded a $727m operating surplus in 2025-26, a slight improvement on December’s pre-budget update of $710m and the $611m forecast last May.
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Source link : https://www.theguardian.com/australia-news/2026/may/04/victoria-state-budget-2026-surplus
Author : Benita Kolovos Victorian state correspondent
Publish date : 2026-05-05 03:06:00
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