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Politics

Callum Godde

Vic deficit to balloon as net debt falls

Deficit Victoria

Victoria is forecast to post a $9.68b deficit for 2022/23, up from the $7.86b estimate in May. (Joel Carrett/AAP PHOTOS) (AAP)

Victoria is set to record a $1.8 billion higher than expected deficit this financial year but has revised net debt expectations down.

A mid-financial-year update, released on Monday, shows Victoria is forecast to post a $9.68b deficit for 2022/23, up from the $7.86b estimate given in the May state budget.

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