Victoria state budget 2026: state back in black forecasting two back-to-back surpluses
Labor’s 2026-27 budget shows state has recorded $700m surplus this financial year, first of its kind since before the Covid-19 pandemic Get our breaking news email , free app or daily news podcast Victoria is back in black for the first time since the start of the pandemic, with Tuesday’s state budget to deliver an operating surplus and forecasting another next financial year. The 2026-27 budget, to be handed down on Tuesday afternoon, will show the state recorded a $700m surplus in 2025-26, lar
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.
Coverage from 3 sources
- Victoria state budget 2026: state back in black forecasting two back-to-back surplusesGuardian - World · Benita Kolovos Victorian state correspondent · May 4, 2026, 7:00 PM
- Victoria state budget 2026: state back in black and forecasting two back-to-back surplusesGuardian - World · Benita Kolovos Victorian state correspondent · May 4, 2026, 7:00 PM
- Victorian budget 2026: state records first post-pandemic surplus but financial health uncertain as debt nears $200bnGuardian - World · Benita Kolovos Victorian state correspondent · May 5, 2026, 5:57 AM
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