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AAP

Callum Godde

Debt piles up as public service faces $3b budget cut

Jaclyn Symes Jacinta Allan Joel Carrett

Victorian Treasurer Jaclyn Symes announced a $2.3b cost-of-living package as part of the budget. (James Ross/AAP PHOTOS)

A booming tax take, public service cuts and GST windfall are keeping a state budget afloat but debt keeps rising to historic highs.

In her Victorian budget debut on Tuesday, Treasurer Jaclyn Symes projected net debt would hit $194 billion by 2028/29.

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One subscription that gives you access to news from hundreds of sites

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