Victoria state budget 2025: treasurer uses public service cuts and GST windfall to fund cash splash

Labor's 2025-26 budget includes more money for health, education and $2.3bn in cost-of-living measures

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The Victorian treasurer has used a GST windfall and $3.3bn in cost savings - including cutting swathes of public sector jobs - to fund a cash splash pitched at families in her first budget.

The 2025-26 budget, handed down on Tuesday, includes an additional $11.1bn for health, $2bn in early childhood education, $1.5bn for new and upgraded schools and $2.3bn in cost-of-living measures, including the already-announced $320m plan to provide free public transport for under-18s.

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