The Allan government has squirrelled away billions of dollars for future policy announcements while Victoria lags in deficit.
An extraordinary $75.7 billion war chest has been squirrelled away by Labor in the state budget for as-yet-unannounced spending promises as it gears up to fight the 2026 election.papers, includes $38.5 billion for future recurrent promises over the next four years, and $37.2 billion worth of infrastructure asset decisions.shows the vast bulk of the cash – about 91 per cent, or $69.3 billion – has been earmarked for decisions already made but not announced, with the remaining $6.
But the papers also reveal $12.2 billion has been set aside for unannounced policy decisions over the next financial year alone – an amount that could have easily covered the cost ofThe figures show the amount being set aside for secret future policy decisions increases in each of the next four years, rising from $19.5 billion in 2025-26 to $21.4 billion in 2026-27, and then to an unprecedented $22.
The first stage of the project, running from Cheltenham to Box Hill, was previously priced at between $30 billion and $34.5 billion, although construction costs have since risen sharply. But he said the government had worryingly continued with the approach, which raised questions about the transparency of the budget process. The use of the treasurer’s advance represented another mechanism by which the government could be avoiding scrutiny, he said.
“Governments routinely centrally hold funding in contingency, pending allocation to departments upon the achievement of program milestones – particularly for capital projects and major reforms,” he said.
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