The Victorian government handed down its budget for 2024-25 yesterday.
Some of the big announcements include $400 credits for children at government schools, the delay of the Airport Rail Link, and billions of dollars invested into upgrading major hospitals — but plenty more can be gleaned from the data.
Here are seven charts to help make sense of the numbers.
Debt is predicted to grow
The Victorian government is in debt, and that’s only predicted to increase.
After a sharp rise in the last few years, attributed to the COVID pandemic and big infrastructure project spending, the debt is expected to grow to $156.2 billion.
By 2027-28, it’s forecast to rise further, to $187.8 billion.
However, the debt isn’t growing as fast as it has in…
