Budget papers

2024/25 State Budget papers.

Budget Paper 1: Treasurer's Speech

Budget Paper 1 is the speech the Treasurer gives to outline the Budget to Parliament and Victorians. It presents the Appropriation Bills to Parliament.

Budget Paper 1: Treasurer's Speech (PDF, 5.09 MB)

Budget Paper 1: Treasurer's Speech (DOC, 382 KB)

Budget Paper 2: Strategy and Outlook

Budget Paper 2 outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy. It provides an economic and fiscal overview, and describes the Budget position and outlook for the general government sector as well as the broader public sector.

Budget Paper 2: Strategy and Outlook (PDF, 5.66 MB)

Budget Paper 2: Strategy and Outlook (DOC, 1.09 MB)

Budget Paper 3: Service Delivery

Budget Paper 3 provides an overview of the goods and services funded by the Government and delivered by departments, and how these support the Government's strategic objectives. It outlines the Government's priorities for the services it provides and sets out the costs of the services for Victorians. It includes a breakdown of all output funding.

Budget Paper 3: Service Delivery (PDF, 6.17 MB)

Budget Paper 3: Service Delivery (DOC, 668 KB)

Budget Paper 4: State Capital Program

Budget Paper 4 describes the Victorian Government's asset investment program.

It provides an overview of the investments that departments and government-controlled entities will deliver in the coming financial year. It also includes capital programs and projects currently underway or in progress, and lists projects expected to be completed in the coming year.

Budget Paper 4: State Capital Program (PDF, 6.33 MB)

Budget Paper 4: State Capital Program (DOC, 875 KB)

Budget Paper 5: Statement of Finances

Budget Paper 5 provides the financial details of the aggregated Victorian general government sector and the broader Victorian public sector. In addition to the estimated financial statements and notes to the accounts, it includes the supplementary uniform presentation framework tables, with chapters on state revenue, tax expenditure and concessions, contingent assets and liabilities and the public account.

Budget Paper 5: Statement of Finances (PDF, 8.46 MB)

Budget Paper 5: Statement of Finances (DOC, 6.74 MB)

Department Performance Statement

The 2024-25 Department Performance Statement describes the objectives and outputs (goods and services) that departments are funded to deliver to achieve these objectives. The publication also reports on the associated output performance measures departments seek to achieve over the medium term.

Department Performance Statement (PDF, 3.11 MB)

Department Performance Statement (DOC, 987 KB)

Budget Overview

The Budget Overview summarises the State's economic and fiscal outlook, and the Government's strategic priorities and objectives. It contains the Treasurer's message, information about the Government's investments and plain-English summaries of Budget decisions.

Budget Overview (PDF, 4.42 MB)

Budget Overview (DOC, 1.56 MB)

Gender Equality Budget Statement

The Victorian Budget 2024/25 includes a range of initiatives demonstrating the Victorian Government’s commitment to equality for all Victorians.

Gender Equality Budget Statement (PDF, 2.39 MB)

Gender Equality Budget Statement (DOC, 1 MB)

Media releases

Media releases from the Victorian Budget 2024/25 are available on the Department of Treasury and Finance website.

Updated