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Victoria’s debt to hit $199 billion despite budget surplus

Victoria’s latest budget has been handed down ahead of the state election, with the Allan government leaning heavily on cost-of-living relief and service delivery while questions persist over rising debt. State debt is forecast to reach $199.3 billion by 2029–30, with annual interest repayments projected to climb above $11 billion, even as the budget delivers a forecast surplus of $1.048 billion. [...]