Winners and Losers Revealed in Victoria’s 2025 State Budget

This year’s Victorian budget places a strong emphasis on easing cost-of-living pressures, with families emerging as some of the primary beneficiaries.

Labeled “responsible” by the treasurer, the budget forecasts a $600 million surplus—the first since the onset of the pandemic.

Despite this, the government continues to contend with growing debt and is planning to cut thousands of public sector jobs.

Although the budget highlights numerous beneficiaries, most of the funding—apart from health—focuses on scaling up existing programs or launching relatively modest new initiatives.