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New Budget Figures Set ‘Herculean Task’ for Victoria’s Next Government

Treasury says weaker growth, higher debt and interest costs will make budget repair harder as the state faces $33.3 billion in deficits.

Summary by Sydney Morning Herald
Outside the pandemic, Victoria’s economic growth for this year is forecast to be the slowest since the global financial crisis.

5 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

New budget figures set ‘Herculean task’ for Victoria’s next government

Outside the pandemic, Victoria’s economic growth for this year is forecast to be the slowest since the global financial crisis.

·North Sydney, Australia
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Australian Financial ReviewAustralian Financial Review
Lean Right

Growth down, unemployment up in gloomy Victorian budget update

Treasury’s pre-election budget update shows the state’s cash deficit will blow out to $33 billion, putting heat on the next government to rein in spending.

·Sydney, Australia
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Bias Distribution

  • 60% of the sources lean Left
60% Left

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Australian Financial Review broke the news in Sydney, Australia on Wednesday, November 11, 2026.
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