Labor unveils election-year hip-pocket splurge despite debt soaring to $199 billion

Victoria's Treasurer Jaclyn Symes handed down an election-year budget targeting cost-of-living relief on Tuesday as state net debt soars to a record $199.3 billion. The budget includes $759 million for a 20 percent car registration discount and $433 million for free public transport until May, funded by $13.8 billion in new spending over four years.

Summary by Glance · SMH