Annual reports tabled last week in the Victorian Parliament have confirmed at least 103 individual agencies across health, community safety, water, departments, energy, culture, sport, transport and events have collectively suffered a net result loss of more than $3 billion, including:
1. Victorian Rail Track - $1.258 billion
2. Department of Families, Fairness and Housing - $469.7 million
3. Department of Transport and Planning - $408.9 million
4. Department of Justice and Community Safety - $232.2 million
5. Western Health - $117.3 million
6. Victoria Police - $37.1 million
7. Museums Victoria - $10.405 million
8. North East Link Tolling Corporation - $23.6 million
9. Cenitex - $16.9 million
10. State Sports Centres Trust - $13.21 million
11. Bendigo Health - $43.5 million
12. Beaufort & Skipton Health Service - $335,000
13. East Wimmera Health Service - $4.93 million
14. Cladding Safe Victoria - $17.2 million
15. Oral Health Victoria - $192,000
16. Royal Botanic Gardens Victoria - $3.56 million
17. Goulburn Valley Water - $811,000
18. Moyne Health Services - $415,000
19. Coliban Water - $6.53 million
20. Bass Coast Health - $7.53 million
21. Great Ocean Road Health - $868,000
22. Heywood Rural Health - $210,000
23. Workplace Injury Commission - $1.13 million
24. South Gippsland Region Water Corporation - $17.9 million
25. Corangamite Catchment Management Authority - $1.35 million
26. North Central Catchment Management Authority - $84,784
27. Goulburn Valley Health - $11.12 million
28. Corryong Health - $2.48 million
29. East Grampians Health Service - $2.77 million
30. Game Management Authority - $305,226
31. Bairnsdale Regional Health Service - $8.15 million
32. Melbourne Arts Precinct Corporation - $15 million
33. Port of Hastings Corporation - $198,000
34. Mildura Public Base Hospital - $927,000
35. Beechworth Health Service - $1.18 million
36. Calvary Health Care Bethlehem - $923,000
37. Alexandra District Health - $1. 84 million
38. Northern Health - $14.5 million
39. Queen Elizabeth Centre - $1.56 million
40. Victorian Ombudsman - $14,749
41. Shrine of Remembrance Trustees - $2.48 million
42. Glenelg Hopkins Catchment Authority - $66,045
43. West Wimmera Health Service - $5.95 million
44. Melbourne and Olympic Parks Trust - $3.53 million
45. Tallangatta Health Service - $1.4 million
46. Dhelkaya Health - $2.4 million
47. Rolling Stock Victoria - $7.45 million
48. Kardinia Park Stadium - $6.45 million
49. ACMI - $4.86 million
50. Lower Murray Water - $26.5 million
51. East Gippsland Water - $78,000
52. Docklands Studios Melbourne - $1.37 million
53. Rural North West Health - $5.5 million
54. Echuca Regional Health - $5.42 million
55. Alpine Health - $1.2 million
56. Melbourne Recital Centre - $3.3 million
57. Alfred Health - $52.5 million
58. Gippsland South Health Service - $9.49 million
59. Westernport Regional Water Corporation - $43,000
60. Western District Health Service - $6.17 million
61. Boort District Health - $1.23 million
62. SEC - $6.8 million
63. Northeast Health Wangaratta - $134,000
64. Melbourne Market Authority - $10.8 million
65. V/Line Corporation - $1.4 million
66. Victorian Convention and Event Trust - $31.8 million
67. Victorian Registration and Qualifications Authority - $3.3 million
68. Adult Community and Further Education Board - $5.05 million
69. Mercy Hospitals Victoria - $49.7 million
70. Healthshare Victoria - $4.7 million
71. Terang and Mortlake Health Service - $1.68 million
72. Hesse Rural Health Service - $979,708
73. Casterton Memorial Hospital - $191,000
74. Colac Area Health - $3.4 million
75. Seymour Health - $2.88 million
76. Safe Transport Victoria - $3.76 million
77. South Gippsland Hospital - $973,730
78. Timboon and District Healthcare Service - $541,000
79. Yea and District Memorial Hospital - $390,000
80. West Gippsland Healthcare Group - $8.78 million
81. Omeo District Health - $438,000
82. Goulburn Murray Water - $39.78 million
83. Wannon Water - $8.45 million
84. Eastern Health - $54.8 million
85. Benalla Health - $2.34 million
86. Austin Health - $141.9 million
87. Latrobe Regional Health - $44 million
88. Geelong Cemeteries Trust - $692,000
89. Portland District Health - $3.58 million
90. Peninsula Health - $6.8 million
91. The Royal Children's Hospital - $29.02 million
92. Goulburn Broken Catchment Management Authority - $2.01 million
93. Central Gippsland Health - $9.69 million
94. Robinvale District Health Service - $1.98 million
95. Albury Wodonga Health - $19.47 million
96. Diary Food Safety Victoria - $753,352
97. Mallee Track Health and Community Service - $4.1 million
98. Monash Health - $80.5 million
99. St Vincent's Hospital - $410,000
100. Royal Victorian Eye and Ear Hospital - $9.74 million
101. Phillip Island Nature Parks - $1.66 million
102. Ports Victoria - $4.3 million
103. Breakthrough Victoria - $5.7 million
The reported deficits follow confirmation the Allan Labor Government is struggling to pay its bills on time, with approximately one-in-five or 378,382 Victorian Government invoices valued under $3 million paid late across 2024-25.
Following a decade of financial mismanagement under Labor, Victoria's net debt is growing by $2 million an hour and is expected to exceed $194 billion by 2028-29.
Shadow Treasurer Jess Wilson said: "The financial position of Victoria's public agencies has become a sea of red under Labor.
"These losses mean poorer services and higher charges and are the direct result of the Allan Labor Government's gross mismanagement across all areas of service delivery.
"With net debt growing by $2 million an hour, this multi-billion-dollar deficit will only add further pressure to Victoria's rapidly deteriorating budget bottom line.
"Victorians deserve well managed frontline agencies that can deliver the services the community expects in a financially sustainable way."
Shadow Finance Minister Bridget Vallence said: "Billions in losses across Victoria's public sector highlights the entrenched financial mismanagement of the Allan Labor Government.
"It's a disgrace that Labor tried to hide these deficits by dumping more than 250 financial reports on the one day.
"Labor cannot continue to spend beyond its means and ignore the long-term consequences for Victorians.
"The Liberals and Nationals will restore responsible financial management to fix the budget and ease the cost of living for Victorians. It's time for a fresh start."
