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Victoria’s budget black hole alarms ratings agencies

Patrick Durkin

More than $20 billion needed to complete the first stage of the Allan government’s $34.5 billion Suburban Rail Loop was missing from the state budget yesterday, as spending on public sector wages was forecast to rise to almost $50 billion.

The total wages bill including superannuation will climb from $45 billion this financial year to close to $50 billion by the end of the 2029 financial year, Tuesday’s budget papers reveal.

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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/victoria-s-budget-black-hole-alarms-ratings-agencies-20250516-p5lzxh