Victoria Budget Surplus Prioritizes Services, Raises Concerns

Victoria's 2025 state budget, presented by Treasurer Jaclyn Symes, forecasts a $600 million surplus for 2025-26, reflecting a $1 billion reduction to focus on cost-of-living relief and core services. The budget boosts health spending by $11.1 billion over four years, with $9.3 billion earmarked for hospital operations. Key measures include $162 million for bus services, $727 million to open the Metro Tunnel, $1.6 billion to strengthen bail laws, $727 million for prison and youth justice capacity, and a $50 million Power Saving Bonus for concession card holders. Free public transport on weekends for under 18s and seniors has also been announced. However, concerns have been raised about limited relief for those without concession cards or children, perceived neglect of western suburb transport needs, and a lack of housing and rent support. Net debt is expected to peak in 2026-27 before declining.