2019-20 State Budget

The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs).

Treasurer's Speech

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

It commends the Appropriation Bills to Parliament and provides the Treasurer with an opportunity to outline the budget to Parliament and Victorians.

2019-20 State Budget: Treasurer's Speech(opens in a new window) (PDF, 16 pages, 711KB)

2019-20 State Budget: Treasurer's Speech(opens in a new window) (Word, 13 pages, 59KB)

Strategy and Outlook

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.

It provides an economic and fiscal overview, and describes the budget position and outlook for the general government sector as well as the broader public sector.

2019-20 State Budget - Strategy and Outlook(opens in a new window) (PDF, 93 pages, 1.56MB)

2019-20 State Budget - Strategy and Outlook(opens in a new window) (Word, 85 pages, 676KB)

Service Delivery

Budget Paper No. 3: Service Delivery provides an overview of the goods and services funded by the Government. It also details how these are delivered by departments, and how these support the Government’s strategic objectives.

It outlines the Government’s priorities for the services it provides and sets out the costs of the services for Victorians. It includes a breakdown of all output funding with associated performance targets.

2019-20 State Budget: Service Delivery(opens in a new window) (PDF, 423 pages, 3.28MB)

2019-20 State Budget: Service Delivery(opens in a new window) (Word, 415 pages, 43KB)

State Capital Program

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

It provides an overview of the investments that departments and government-controlled entities will deliver in the coming financial year. It also includes capital programs and projects currently under way or in progress, and lists projects expected to be completed in the coming year.

2019-20 State Budget: State Capital Program(opens in a new window) (PDF, 197 pages, 1.8MB)

2019-20 State Budget: State Capital Program(opens in a new window) (Word, 189 pages, 567KB)

Statement of Finances

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.

In addition to the estimated financial statements and notes to the accounts, it includes the supplementary uniform presentation framework tables, with chapters on state revenue, tax expenditure and concessions, contingent assets and liabilities and the public account.

2019-20 State Budget: Statement of Finances(opens in a new window) (PDF, 255 pages, 3.6MB)

2019-20 State Budget: Statement of Finances(opens in a new window) (Word, 247 pages, 2.5MB)

Budget Overview

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

It contains the Treasurer’s message, information about the Government’s investments and plain-English summaries of budget decisions.

2019-20 State Budget - Budget Overview(opens in a new window) (PDF, 52 pages, 2.4MB)

2019-20 State Budget - Budget Overview(opens in a new window) (Word, 60 pages, 51KB)

Suburban

The Suburban Budget Information Paper summarises the Government’s priorities for suburban Victoria, including projects in jobs, education, health, emergency services and infrastructure investment.

2019-20 State Budget - Suburban(opens in a new window) (PDF, 40 pages, 1.7MB)

2019-20 State Budget - Suburban(opens in a new window) (Word, 35 pages, 69KB)

Rural and Regional

The Rural and Regional Budget Information Paper summarises the Government’s priorities for rural and regional Victoria, including projects in jobs, education, health, emergency services and infrastructure investment.

2019-20 State Budget - Rural and Regional(opens in a new window) (PDF, 36 pages, 1.8MB)

2019-20 State Budget - Rural and Regional(opens in a new window) (Word, 30 pages, 78KB)

Gender Equality Budget Statement

The Victorian Budget 2019-20 includes a range of initiatives demonstrating the Victorian Government’s commitment to equality for all Victorians.

Gender Equality Budget Statement(opens in a new window) (PDF, 4 pages, 261KB)

Gender Equality Budget Statement(opens in a new window) (Word, 6 pages, 39KB)

2019-20 Budget Update

Each year, the Victorian Government produces a mid-cycle review of the annual State Budget.

The Budget Update provides revised estimated financial statements relative to the previous Budget, including the projected outcome for the end of the current financial year and revised estimates for the forward years.

The 2019-20 Budget Update was released by the Treasurer on 12 December 2019.