Overview of Victoria’s 2022-23 budget

The 2022-23 budget includes significant funding for Victoria’s health sector following two years of the COVID-19 pandemic.

The Victorian Government’s budget for 2022-23 forecasts a net operating deficit of $17.6 billion this financial year. Net debt is projected to be $101.9 billion currently, rising to $167.5 billion by 2025-26. As a percentage of gross state product (GSP), net debt is forecast to reach 19.8 percent this financial year and 26.5 percent in 2025-26. The commitment of over $12 billion in health spending is focused on health infrastructure and supporting recovery of the sector that bore the brunt...

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Authors: Carmel Mortell, Alia Lum

Published Date: 04 May 2022