Budget 2026–27

The question put

That this house: (1) condemns the Allan Labor government’s reckless disregard for Victoria’s future demonstrated in its 2026–27 state budget, and in particular: (a) the expected increase in net debt to $199.3 billion in 2029–30, up from $21.8 billion in 2014; (b) the expected increase in interest expenses to $11.8 billion per year by 2029–30, up from $2.1 billion in 2014; (c) the expected increase in total taxation revenue to $50.2 billion per year by 2029–30, up from $17.9 billion in 2014; (d) the expected increase in employee expenses to $45.5 billion per year by 2029–30, up from $18.5 billion in 2014; (2) notes that the financial burden on Victorian families by 2029–30 will be: (a) net debt per Victorian household of over $70,000; (b) an interest bill of over $32 million each and every day; (3) recognises that the burden of repaying this debt will disproportionately fall on, and reduce the future opportunities of, younger Victorians; (4) calls on the government to commit to a long-term economic plan to secure Victoria’s future so that it can prioritise policy solutions to: (a) ease cost-of-living pressures; (b) keep Victorians safe; (c) strengthen healthcare; and (d) enable home