The Budget papers are split into five sections and are supported by Budget Information Papers.
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.
2023-24 State Budget - Treasurer's Speech(opens in a new window) (PDF, 1.1 MB)
2023-24 State Budget - Treasurer's Speech(opens in a new window) (DOC, 370 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.
2023-24 State Budget - Strategy and Outlook(opens in a new window) (PDF, 1.5 MB)
2023-24 State Budget - Strategy and Outlook(opens in a new window) (DOC, 370 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.
2023-24 State Budget - Service Delivery(opens in a new window) (PDF, 3.7 MB)
2023-24 State Budget - Service Delivery(opens in a new window) (DOC, 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.
2023-24 State Budget - State Capital Program(opens in a new window) (PDF, 2.2 MB)
2023-24 State Budget - State Capital Program(opens in a new window) (DOC, 580 KB)
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 2024-25. 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.
2023-24 State Budget - Statement of Finances(opens in a new window) (PDF, 3.4 MB)
2023-24 State Budget - Statement of Finances(opens in a new window) (DOC, 3.5 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.
2023-24 State Budget - Budget Overview(opens in a new window) (PDF, 6.4 MB)
2023-24 State Budget - Budget Overview(opens in a new window) (DOC, 250 KB)
Gender Equality Budget Statement
The 2023-24 State Budget includes a range of initiatives demonstrating the Victorian Government’s commitment to equality for all Victorians.
2023-24 State Budget - Gender Equality Budget Statement(opens in a new window) (PDF, 4.1 MB)
2023-24 State Budget - Gender Equality Budget Statement(opens in a new window) (DOC, 240 KB)
COVID Debt Repayment Plan
To help pay off the debt and accumulating interest incurred as a direct result of the pandemic, we’re introducing a new COVID Debt Repayment Plan.
It builds on the work of the Victorian Future Fund (VFF), introduced in last year’s Budget, to help manage the COVID debt.
2023-24 State Budget - COVID Debt Repayment Plan(opens in a new window) (PDF, 1.4 MB)
2023-24 State Budget - COVID Debt Repayment Plan(opens in a new window) (DOC, 420 KB)
Each year, the Victorian Government produces a mid-cycle review of the annual State Budget.
Budget Update
The 2023-24 Budget Update was released by the Treasurer on 15 December 2023.
The report 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.
Budget media releases
Media releases from the 2023-24 State Budget.
Updated