VIC
STATE
Victoria Budget 2026
📍 Melbourne
👥 6.9 million
👤 Jacinta Allan
Labor since 2014
📅 Last budget: 5 May 2026
📅 Next budget: 5 May 2027
Victoria is Australia's second most populous state, home to Melbourne. The 2026–27 Budget was delivered 5 May 2026 — a surplus with record health and education investment.
$98B
Annual Revenue
$97B
Annual Expenditure
$520B
Gross State Product
6.9 million
Population
$165B
Net Debt
📋 Recent Budgets
Last Budget: 5 May 2026
Next Budget: 5 May 2027
| Year | Theme | Result | |
|---|---|---|---|
| 2026–27 | Easier. Safer. More Affordable. | Surplus | View ↗ |
| 2025–26 | Getting Victoria Moving | Deficit $2.5B | View ↗ |
| 2024–25 | Getting Back on Track | Deficit $2.1B | View ↗ |
Budget figures are indicative. Visit the official budget website for full documents.
🎯 Key Budget Priorities
- Cost of living — 20% rego rebates, half-price public transport
- Health — record $32B investment, new hospitals
- Education — $19B total, 4 new schools, 22 new kinders
- Housing — $860M Social Housing Growth Fund, 7,000+ homes
- Transport — 25 new X'Trapolis trains, record $1B+ on roads
❓ Frequently Asked Questions
When is the Victoria budget 2026?
The Victoria 2026 state budget is scheduled for 5 May 2027. Treasurer: Jaclyn Symes.
What is Victoria's budget result for 2026?
Victoria's 2026 budget result is Surplus $1B, with annual revenue of $98B and expenditure of $97B.
What is Victoria's net debt?
Victoria's net debt is $165B, representing 31.7% of Gross State Product (GSP: $520B).
Who is the Victoria Treasurer?
The Victoria Treasurer is Jaclyn Symes, serving under Premier Jacinta Allan (Labor, in office since 2014).
📊 Budget at a Glance
Annual Revenue
$98B
Annual Expenditure
$97B
Budget Result
Surplus $1B
🏛 Government
- Premier
- Jacinta Allan
- Treasurer
- Jaclyn Symes
- Party / Coalition
- Labor
- In Office Since
- 2014
- Capital City
- Melbourne
- Jurisdiction Type
- State
🔗 Official Budget Resources
VIC Budget Website
Official government budget portal
VIC Treasury
Department of Treasury website