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Victorian State Budget 2023/24

Doing what we said we'd do

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

Preston Station at night

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 our 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 of them 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.
  • $154 million to give women’s health the focus and funding it deserves, including 20 new comprehensive women’s health clinics at public hospitals.
  • $154 million to provide support for more nurses and midwives, strengthen nurse to patient ratios and improve public health service staffing levels.
  • $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 18 May 2023

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