2022-23 State Budget

The 2022-23 State Budget was delivered on Tuesday 3 May 2022.

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.

2022-23 State Budget - Treasurer's Speech(opens in a new window) (PDF, 493 KB)

2022-23 State Budget - Treasurer's Speech(opens in a new window) (Word, 97 KB)

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.

2022-23 State Budget - Strategy and Outlook(opens in a new window) (PDF, 1.6 MB)

2022-23 State Budget - Strategy and Outlook(opens in a new window) (Word, 946 KB)

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.

2022-23 State Budget - Service Delivery(opens in a new window) (PDF, 3.2 MB)

2022-23 State Budget - Service Delivery(opens in a new window) (Word, 1.1 MB)

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.

2022-23 State Budget - State Capital Program(opens in a new window) (PDF, 2.2 MB)

2022-23 State Budget - State Capital Program(opens in a new window) (Word, 1.9 MB)

Capital Investment Dashboard

The Capital Investment Dashboard gives an overview of major capital projects in Victoria, as reported in Budget Paper 4: State Capital Program (BP4) from 2015-16 to 2023-24. Data is not included from 2020-21, as BP4 was not published that year.

View the Capital Investment Dashboard.

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.

2022-23 State Budget - Statement of Finances(opens in a new window) (PDF, 2.8 MB)

2022-23 State Budget - Statement of Finances(opens in a new window) (Word, 1.4 MB)

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.

2022-23 State Budget - Budget Overview(opens in a new window) (PDF, 2.4 MB)

2022-23 State Budget - Budget Overview(opens in a new window) (Word, 115 KB)

Suburban Budget Information Paper

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

2022-23 State Budget - Suburban(opens in a new window) (PDF, 1.3 MB)

2022-23 State Budget - Suburban(opens in a new window) (Word, 84 KB)

Rural and Regional Budget Information Paper

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.

2022-23 State Budget - Rural and Regional(opens in a new window) (PDF, 1.4 MB)

2022-23 State Budget - Rural and Regional(opens in a new window) (Word, 85 KB)

Gender Equality Budget Statement

The 2022-23 State Budget includes a range of initiatives demonstrating the Victorian Government’s commitment to equality for all Victorians.

2022-23 State Budget - Gender Equality Budget Statement(opens in a new window) (PDF, 1.1 MB)

2022-23 State Budget - Gender Equality Budget Statement(opens in a new window) (Word, 75 KB)

Pre-Election Budget Update

In accordance with the requirements of the Financial Management Act 1994, the Department of Treasury and Finance released the Pre-Election Budget Update on 10 November 2022.

The Pre-Election Budget Update provides updated information on the current and projected financial position of the Victorian general government sector.

2022 Victorian Pre-Election Budget Update
PDF 1.12 MB
(opens in a new window)
2022 Victorian Pre-Election Budget Update
Word 423.11 KB
(opens in a new window)

Media releases

Media releases from the 2022-23 State Budget.

Putting Patients First: A Pandemic Repair Plan

Record jobs, strong growth and a path to surplus

New hospital for Melton – upgrades across the state

Huge regional health infrastructure boost

Backing our emergency services to keep Victorians safe

A mental health system to work for every Victorian

Major upgrades delivered for special schools

Healthy and happy students in the education state

Giving every Victorian child the best start in life

More energy savings and renewable jobs for Victorians

Standing with Victoria’s casual and insecure workers

Saving Victorian families and businesses time and money

Training and skills to support great Victorian jobs

Games, sports and events to supercharge Victorian jobs

Industry and trade growing Victorian jobs

Investing in more businesses, more jobs, more research

Making Victoria the place to be for investment and jobs

Backing our farmers and regional communities

Slashing travel times and supporting thousands of jobs

Getting Victorians home safer and faster on our roads

Freight, ports and piers to support local jobs

More support for the Victorians who need it most

Helping more Victorians get a roof over their head

A safer future and more support for Victorian women

Supporting Treaty and Aboriginal cultural heritage

Celebrating Victoria’s LGBTIQ+ community

Supporting police and keeping all Victorians safe

Helping more Victorians get faster, fairer justice

Supporting victims and stopping crime before it starts

Building a safer and fairer state for all Victorians

Creative economy builds community, grows jobs

Creating jobs and keeping local communities connected

Helping young Victorians and multicultural communities

Backing the jobs and projects Victoria’s veterans need

Giving grassroots sport the support it deserves

A boost for housing supply, jobs and communities

Securing our water supply and protecting local jobs

Updated