The Commonwealth Games due to be held in regional Victoria in 2026 are being cancelled by Premier Daniel Andrews.
Daily Mail Australia understands that the Premier will make the announcement in a hastily arranged press conference on Tuesday morning.
Commonwealth Games staff were reportedly called in for an urgent meeting early on Tuesday.
The reason behind the shock move is almost certainly down to finances – Victoria’s state debt is forecast to be $135.4billion in 2024, rising to $171.4billion by 2026-27.
There was an emergency meeting of the government’s Expenditure Review Committee – senior ministers who discuss budget decisions – on Monday.
The full proposal was taken to the full Cabinet late last night.
More to come …
The Commonwealth Games due to be held in regional Victoria in 2026 are being cancelled by Premier Daniel Andrews (pictured)