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Victorian State Budget 2023/24

Doing what matters

We're getting on with doing what matters to Victorians.

Our record of delivery

People in high-vis working in a tunnel site

Since we came to government, we haven't wasted a day delivering the services and projects that matter to Victorians.

Health systems around the world were hit hard by the pandemic, and ours was no different.

But we’ve invested in our hospitals – and the dedicated workers we need to run them – so Victorians can get the very best care.

Cranes dominate our skyline. Underground, we’re just as busy, building the transport network of the future.

We’re building, fixing and widening our suburban and regional roads to cut congestion and get Victorians home to their families sooner and safer.

We've put power back in the hands of Victorians with the popular $250 Power Saving Bonus. It's helping households across the state get the best deal on their energy bills, while providing the cost of living relief Victorians need right now.

We’re giving Victorian kids the best start in life – we’ve invested in hundreds of school upgrades across Victoria to deliver high-quality classrooms and facilities to make sure every student gets the world‑class education they deserve.

From Wangaratta to Warrnambool, we’re building the road and rail, schools and hospitals that country communities deserve.

And when our regions have faced the toughest of times – from bushfires to floods – we’ve been there to help.

Our investments include:

  • Removing dangerous and congested Level Crossings across Melbourne – a further $6.5 billion to remove another 25, taking the total to 110 gone for good by 2030.
  • Building our mental health system from the ground up – an unprecedented investment of $5.7 billion across the past three Budgets for the Mental Health Royal Commission recommendations, making sure Victorians can get the care they need, when they need it, close to home.
  • Best Start, Best Life and Three‑Year‑Old Kinder – more than $4.4 billion to get on with delivering Free Kinder, Three‑Year‑Old Kinder, Pre‑Prep and 50 government‑owned and operated Early Learning Centres.
  • The COVID Catch-Up Plan$1.5 billion to boost deferred elective surgery and ease the pressure on our hospitals.
  • Tripling the size of the Victorian Homebuyer Fund – $1.1 billion injection to help thousands more Victorians realise their dream of owning a home.
  • Flood response – $1.8 billion in immediate relief funding made available to respond to the urgent activities.
  • More than 20 hospitals have been built or upgraded and we're giving our healthcare workforce the helping hands they need with $270 million to make it free to study nursing and midwifery for nurses that join the public health system.
  • Investing in the Big Build, and supporting businesses with direct grants and the New Jobs Tax Credit ‑ which has supported meeting the Government's Jobs Plan target of 400,000 new jobs by 2025, more than two years early, and is making sure to not leave any worker, sector, or community behind.

And with the Victorian Budget 2023/24, we're delivering on every commitment we made at the last election, all while repaying the COVID debt.

Doing what we said we'd do

Preston Station at night

Last year, we took a positive plan to the Victorian people.

It was a plan for better hospitals, world‑class schools, and the road and rail our growing state needs.

It was a plan for cleaner, cheaper renewable energy, a plan for the very best start in life for our kids, and a plan to help Victorians with the rising cost of living.

And with this Budget, we're delivering every commitment we made at the last election, all while repaying the COVID debt.

It was a plan to keep doing what matters. This includes:

  • $1 billion to bring back the State Electricity Commission (SEC), re‑establishing government‑owned energy and investing in renewables.
  • $694 million for a road blitz to upgrade key roads and intersections to improve network efficiency, travel times and road safety.
  • $650 million to upgrade the Melton Line, giving commuters in Melbourne’s West better train services.
  • $601 million to buy 23 more VLocity trains to be manufactured in Victoria, supporting local jobs.
  • $450 million to support the delivery of new and upgraded low‑fee Independent and Catholic schools.
  • $400 million to deliver another round of the $250 Power Saving Bonus, driving down the cost of energy bills for Victorian households.
  • $320 million to plan the delivery of major investments at seven hospitals across the state to ensure Victorians receive the highest quality healthcare.
  • $266 million to upgrade 43 government schools across Victoria, giving our kids the high‑quality classrooms and learning facilities they deserve.
  • $235 million to support students with disability and their families, including expanding the Outside School Hours Care program.
  • $201 million for new and upgraded community sport and recreation facilities, delivering sporting spaces the whole community can be proud of and more Victorians can use.
  • $190 million to make regional public transport fares fair across Victoria, capping the cost at the metro rate.
  • $186 million to expand eligibility for VET subsidies, so more Victorians can get the training they need for the jobs they want in high‑demand industries.
  • $170 million for the Building Better TAFE Fund, which provides four TAFE projects and establishes the TAFE Clean Energy Fund to improve lifelong education pathways, workforce skills and capacity.
  • $167 million to provide support for more nurses and midwives, strengthen nurse to patient ratios and improve public health service staffing levels.
  • $154 million to give women’s health the focus and funding it deserves, including 20 new comprehensive women’s health clinics at public hospitals.
  • $91 million to continue the work towards 50 local mental health services and keep delivering other community-based services, opening more ‘front doors’ for Victorians to access care earlier and closer to home.
  • $62 million to deliver better local roads and safety upgrades for motorists, pedestrians and cyclists.
  • $46 million to train the next generation of paramedics and introduce specialist paramedic practitioners, providing urgent care faster.

These are the things that matter – and the things we promised to Victorians. And with this Budget, we're doing what we said we'd do.

Reviewed 21 May 2023

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