Original article by Sumeyya Ilanbey
The Australian Financial Review – Page: 3 : 21-Oct-26

The Victorian government’s spending as a proportion of gross state product has averaged 19.5 per cent annually since it peaked at 20.12 per cent in fiscal 2022. The 2026 budget papers show that this is not projected to fall to the pre-Covid average of 13.2 per cent over the forward estimates period; it will instead still be 16.9 per cent in four years’ time. Martin Codina, the executive director of economic advocacy group Amplify, warns that the state’s financial position will become even more precarious unless spending and the budget are returned to sustainable levels.

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