Victoria’s gross debt is forecast to make up 202.6 per cent of its operating revenue in the 2026 financial year and balloon to 213.1 per cent the following year.
In his 2024–25 budget overview released on Tuesday, Victorian Treasurer Tim Pallas said that the state government has a “huge amount of funding” tied up with the rail link project, and needs to be “realistic about the project and its timeline”.
