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Vic Treasurer forecasts $1b surplus in three years in ‘brutal budget’

Patrick Durkin
Patrick DurkinBOSS Deputy editor
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Victorian Treasurer Tim Pallas is forecasting a $1 billion budget surplus in three years, a Treasury spokesman revealed on Monday.

The $1 billion surplus in 2025/26, to be revealed in Victoria’s state budget on Tuesday, is $100 million higher than forecast in the pre-election budget update in November.

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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
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    Original URL: https://www.afr.com/politics/federal/vic-treasurer-forecasts-1b-surplus-in-three-years-in-brutal-budget-20230522-p5dadr