Victorian budget 2023: Winners and losers

The Victorian 2023 budget has been labelled by Treasurer Tim Pallas as his most difficult, with the budget bottom line, big business and property owners all taking a hit.

But concessions have been found for small business owners and flood-affected regions.

Here are the winners and losers from this year’s budget.

Loser: Government debt

Despite the introduction of a new COVID levy, the state’s net debt is projected to keep rising.

It is expected to sit at $116.7 billion in June 2023 and grow to $171.4 billion by June 2027.

It means net debt will be equivalent to 24.5 per cent of gross state…

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