2025-26 State Budget

Budget Paper No. 1: Treasurer’s Speech commends the Appropriation Bills to Parliament and outlines the budget to Parliament and Victorians.

Budget Paper No. 2: Strategy and Outlook outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy.

Budget Paper No. 3: Service Delivery provides an overview of the goods and services funded by the Government.

Budget Paper No. 4: State Capital Program, describes the Victorian Government's asset investment program.

Budget Paper No. 5: Statement of Finances (including Quarterly Financial Report No. 3) provides the financial details of the aggregated Victorian general government sector and the broader Victorian public sector.

The 2025-26 Department Performance Statement describes the objectives and outputs (goods and services) that departments are funded to deliver to achieve these objectives.

The Budget Overview summarises the State’s economic and fiscal outlook, and the Government’s strategic priorities and objectives.

The 2025-26 State Budget includes a range of initiatives demonstrating the Victorian Government’s commitment to equality for all Victorians.

Media releases from the 2025-26 State Budget.

The 2025-26 Budget Update was released by the Treasurer on 5 December 2025.