All posts by FreeNews

Why critics are calling the Victorian budget’s operating surplus ‘fake’

Unveiling Victoria's 2026/27 budget papers today, Premier Jacinta Allan and Treasurer Jaclyn Symes were all smiles as they announced the state's first operating surplus in seven years, ahead of a crucial election campaign. 

This year's budget put forth a $727 million surplus in 2025-26 and estimated $1 billion in 2026-27, with an average $1.7 billion surplus over the forward estimate.

"I am proud to confirm Victoria's first operating surplus in seven years," Symes said in her budget address.

READ MORE: All the winners and losers from this year's Victorian budget

Premier Jacinta Allan talks with media, 2026/2027 Victorian state budget lock up. 5th of May 2026, The Age news Picture by JOE ARMAO

But behind the polished veil of an operating surplus, budget papers reveal that when project spending is factored in, Victoria's spending is about $7 billion more a year than the revenue it is bringing in.

Figures in the budget reveal a record tax take and a $2 billion GST windfall from the Commonwealth is to thank for this year's operating surplus.

That allowed the state to deliver a raft of sweeteners, including free public transport until the end of May and 20 per cent off vehicle registration.

"We can afford it because our budget is in surplus," Allan wrote in a budget media release.

LIVE UPDATES: UAE intercepts Iranian missiles in first strikes since ceasefire

Shadow Treasurer James Newbury was quick to label Labor's fiscal strategy a "fake surplus" during question time, while Nationals leader Danny O'Brien also criticised the budget.

"The only thing we see in this budget that's in surplus … is a surplus of spin," O'Brien said.

Net debt in Victoria is hurtling towards $200 billion and is projected to take up a 24.4 per cent share of the state's economy by 2030.

"We have seen net debt soar towards $200 billion in Victoria. When the Coalition left office in 2014, it was $20 billion," Opposition Leader Jess Wilson said.

READ MORE: Major tax reform, spending cuts and defence boost: What you can expect in this year's 'ambitious' federal budget

"Victorians now will be paying an interest bill that could fund police, ambos and kindergartens and leave a billion dollars in change."

Victoria's interest bill is expected to almost double by 2029/30, rising from $6.774 billion in 2024/25 to $11.82 billion in 2029/30 – the equivalent of $32.38 million per day.

But Symes argued the state's rising interest bill was "helping to grow the economy".

"The reason you pay interest predominantly is because you've borrowed to build productive infrastructure … the alternative is you don't build infrastructure, you stop. And all of those jobs I just talked about go," she said.

"You might have less debt, you might have less interest, but you don't have a productive society.

"Borrowing for infrastructure is what a strong economy needs."

READ MORE: Washington shooter opened fire after Secret Service confrontation

MELBOURNE, AUSTRALIA - MAY 05: Victoria Treasurer Jaclyn Symes speaks to members of the media during the Budget media lockup on May 05, 2026 in Melbourne, Australia. Victoria's 202627 state budget will be delivered on Tuesday, May 5, with the Treasurer Jaclyn Symes delivering her second state budget forecasting a budget surplus, the first since the pandemic. (Photo by Asanka Ratnayake/Getty Images)

Today's budget also failed to reveal the impact of Labor's promise to spend an extra $11.5 billion on the Suburban Rail Loop.

The $34 billion project is supposed to be equally funded by the state, the Commonwealth and "value capture".

But in January the government committed to funding that final third through "up-front debt" which will be recouped over 40 years via localised taxes, raising major concerns over potential interest implications.

In an effort to rake in additional revenue, the Allan government will end its motor vehicle duty concession for luxury vehicles, which is expected to bring an extra $12.6 million into the state's coffers in 2027/28.

Victoria will also collect more revenue from fines, which is expected to rise more than 15 per cent from $886 million in 2026/27 to $997 million in 2029/30.

Some of those extra funds will flow to rising public sector wages, which are tipped to pass $41 billion in the next year – $1.3 billion higher than forecast.

By 2030, those figures will hit $45 billion, which Symes said was evidence of the government's endeavour to recruit more teachers and healthcare workers.

"We back our teachers, our nurses, our police. We want more of those people employed, that's why the figures go up," Symes said.

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

Alan Jones’ barrister attacks ‘bad’ sex-abuse search warrants

Police stand accused of engaging in impropriety when raiding the home of former shock jock Alan Jones during a sexual assault investigation.

Officers searched the 85-year-old's Sydney home in November 2024 after an eight-month investigation into reports of historical sexual abuse.

On Tuesday, his lawyers told Sydney's Downing Centre Local Court the NSW Police should reveal which officers accessed or downloaded material from his phone and through intercepted calls, claiming the search warrants could be invalid.

READ MORE: Authorities pounce as ten charged over alleged drug trafficking syndicate

Alan Jones leaves Downing Centre Local Court on December 18, 2024. Photo: Rhett Wyman / SMH

"The phone was seized, and the evidence to date suggests it was then searched willy-nilly," his barrister Gabrielle Bashir SC said.

On its face, the search warrant was "bad", she continued, partly because it referred to Jones being accused of sexual intercourse without consent, amongst other offences.

These were not the charges the radio veteran was eventually hit with, Bashir argued.

Jones has pleaded not guilty to 25 charges of indecent assault and two charges of sexual touching against nine alleged victims over nearly two decades when he ruled the airwaves.

Bashir flagged that her client might apply to either temporarily or permanently halt the proceedings, or argue that certain evidence be tossed because it was obtained unlawfully.

Representing the NSW Police Commissioner, barrister Peter Singleton said there was no evidence officers had engaged in any sort of impropriety or that the warrant itself was invalid.

He said the court should not order the release of documents merely to allow Jones' defence team to see if there was anything there to support a future bid to put the case on ice.

"It is fishing to find out whether or not there is a case," he told Judge Glenn Walsh.

Jones is set to contest the allegations in a four-month-long hearing starting in August.

His defence team has been fighting to gain access to documents from the police as well as the complainants in the matter.

READ MORE: Author Craig Silvey admits child exploitation crimes

In March, Bashir told the court they were still awaiting "oodles of material" to be produced.

Jones is accused of sexual misconduct against nine complainants between 2003 and 2020, both in private and in public places such as restaurants and at high-profile events.

Two of the alleged victims were acting as chauffeurs for the former private school teacher when he indecently assaulted them, according to prosecutors.

The charges, which Jones has claimed are "all either baseless or they distort the truth", followed his retirement from a hugely influential broadcasting career launched in 1985.

During his decades on the air, Jones became a feared interviewer who excelled at questioning leaders while dividing audiences with his outspoken views.

He worked with Sydney radio station 2UE before joining rival 2GB, where he was a long-time ratings juggernaut until 2020.

READ MORE: Major tax reform, spending cuts and defence boost: What you can expect in this year's 'ambitious' federal budget

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

Canadian cops call off search for missing Australian hiker

The search for an Australian hiker who went missing on a remote Canadian island has been called off after six days.

Denise Ann Williams, 62, was last heard from on April 15 after telling family she was travelling to Chéticamp, a fishing village on Cape Breton Island in Nova Scotia.

The Victorian woman was reported missing nearly two weeks later about 9.30am on April 28, kicking off an extensive multi-agency air and ground search.

READ MORE:  'She didn't abandon her family': $1m reward in baffling case of missing teacher

READ MORE: 'Disastrous': How much interest rate hike with cost you

Her rental car, a Nissan Sentra, was later found parked at the Parks Canada Visitor Centre near the Acadian Trail head in Cape Breton Highlands National Park – narrowing the search to one of the region's most visited hiking routes.

Royal Canadian Mounted Police units were assisted by air services, police dogs, search and rescue teams, Parks Canada staff, and emergency responders during the six-day search.

The search for Williams ended on May 3.

"No further search activity is planned at this time," local police said.

Police described Williams as 5'4" with greyish-blonde, shoulder-length hair.

She was last known to have been wearing a dark winter jacket, a powder blue toque with "Antarctica" written on it, an orange and blue scarf and glasses.

READ MORE: Rescuers among those killed in attempt to save stricken yacht off NSW

The Acadian Trail, where Williams is believed to have gone missing, is an 8.4-kilometre loop known for its moderate-to-difficult terrain.

Authorities cautioned that wildlife, including moose, coyotes, and black bears, are active in the area at this time of year.

The Royal Canadian Mounted Police in Nova Scotia have urged anyone who may have encountered Williams in Cape Breton Highlands National Park to contact local authorities.

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.