The Allan Labor Government has claimed the initiatives in the Silver Review will save $4 billion over the next four years and reduce the Victorian Public Service (VPS) by 1,000 full-time equivalent jobs.
However, the VPS added 7,444 full-time equivalent jobs between June 2020 and June 2024, and since the report was completed and handed to the Allan Labor Government in June 2025, Victoria's net debt has grown by more than $7.2 billion.
Labor has promised and failed to deliver public sector reductions before, and this time will be no different.
In 2023-24, Labor promised to reduce Victorian Public Service (VPS) levels by 3,000 to 4,000 full-time equivalent (FTE) roles as part of its 'COVID Debt Repayment Plan'.
However, only 1,435.9 FTE VPS positions were reduced between June 2023 and June 2024 - less than half of the lower end of Labor's own target.
Under Labor, the number of VPS executives has almost tripled from 675 in June 2015 to 1,887 in June 2024.
Leader of the Opposition, Jess Wilson, said: "Labor's Silver Review is a $4 billion admission of failure.
"Labor's mismanagement and top-heavy bloated bureaucracy is driving Victoria deeper into debt and starving critical funds from the frontline community safety, health and housing services Victorians deserve.
"This report issues a stark warning over the dire impact Victoria's soon-to-be $1 million an hour interest bill is having on our capacity to deliver frontline services now and into the future.
"These supposed savings are a drop in the ocean. Since this report was handed to Labor in June, Victoria's net debt has grown by almost twice the claimed savings Labor's cuts will deliver.
"The only ones cutting jobs and services are Premier Jacinta Allan and Treasurer Jaclyn Symes."
