Record debt is threatening Victoria’s prosperity and economic stability, the state’s financial watchdog has warned, and it says the Allan government lacks a long-term strategy to manage it.
Victoria’s auditor-general has warned that the state’s finances under the Allan Labor government have become unsustainable, with state debt now expected to pass $228 billion, up from $188 billion, by 2028.
The annual report into the state’s finances tabled on Friday showed Victoria’s general government sector incurred an operating loss of $4.2 billion this year, bringing the accumulated losses over the past five years to $48 billion.
If you now vote for the liberals at the next election it will be a cancel culture and nothing will be delivered for years except TOLL ROADS which is all really they know how to do.
With some bemusement we also read how when Napthine was in power in Victoria, Jeff Kennett wanted him to borrow up big for rail projects, now we have the Right Wing Herald Sun saying this is all bad.
What do we do next?
