
FINDINGS OF POST-ELECTION ANALYSIS BY VICTORIA'S PARLIAMENTARY BUDGET OFFICE:
* Victoria's net debt was just shy of $100 billion on June 30, 2022 and is forecast to reach 24.6 per cent as a share of the economy by 2025/26
* Victorian net debt as a share of the economy increased from 5.5 per cent in 2018/19 to 19.3 per cent in 2021/22
* Victoria has had the highest ratio of net debt to gross state product across all states since 2019/20
* The Department of Treasury and Finance forecasts the net debt to rise by 66 per cent, an average of 13.5 per cent per year, to $165.9b on June 30, 2026
* Under Victorian Labor, net debt would be 0.6 per cent or $982.1m lower by 2025/26
* Under the Liberals and Nationals, it would be 6.2 per cent or $10.36b lower
* In the lead-up to the 2022 state general election, Labor announced 82 policies and the Liberals and Nationals announced 112
* The Liberals-Nationals education policies would have a bigger budget impact, decreasing net position by $2.6b, compared to a $1.8b decrease under Labor
* Health policies under the Liberals-Nationals would decrease net position by $9.4b, compared to Labor with a decrease in net position of $5.16b
* The Liberals-Nationals recreation, culture and religion election platform would decrease net position by $1.7b, compared to Labor with a decrease in net position of $458.6m
* The Liberals-Nationals election platform for taxation would have the greater budget impact, decreasing net position by $3.2b, compared to Labor with an increase in net position of $556.4m
* When it comes to transport policies, Labor's election platform would have the greater budget impact, decreasing net position by $3.7b, compared to the Liberals and Nationals with a decrease in net position of $2.1b
Australian Associated Press