1. Why this report matters
The state's finances fund public hospitals, schools, transport and other services Victorians rely on. With more than half a trillion dollars in assets and more than $130 billion spent each year, how these financial resources are managed shapes the state's capacity to deliver services now and into the future.
Our recommendations
We consulted with the audited agencies and considered their views when reaching our conclusions. The agencies' full responses are in Appendix A.
| Recommendations | Agency response(s) | ||
|---|---|---|---|
Department of Treasury and Finance
| 1
| Work with government as a matter of priority to: | |
Auditor-General's Report on the Annual Financial Report of the State of Victoria: 2025–26
Body
In this report we share outcomes of our audit on the state's financial report and our independent perspective on the state's financial outcomes and risks to fiscal sustainability.
Appendix E: Department action plans in response to our 2021 audit
Download a PDF copy of Appendix E: Department action plans in response to our 2021 audit.
Appendix D: Recommendations made in our 2021 audit
Download a PDF copy of Appendix D: Recommendations made in our 2021 audit.
Appendix C: Review scope and method
Download a PDF copy of Appendix C: Review scope and method.
Appendix B: Abbreviations, acronyms and glossary
Download a PDF copy of Appendix B: Abbreviations, acronyms and glossary.