Aug 13, 2026 – 5.00amThe Victorian treasury was forced to raid an emergency fund to pay a $231 million blowout in its interest bill as the toll from the state’s ballooning debt mounts.Just weeks before she handed down her first state budget in May 2025, former treasurer Jaclyn Symes approved a Department of Treasury and Finance request to use $230.9 million from funds set aside to repay overdraft fees, after the state’s interest bill rose faster than initially forecast.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Vic raided emergency fund to cover $231m interest blowout
That top-up came just two years after Treasury sought an emergency cash injection following a $50 million shortfall in meeting interest repayments.
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