COVID-19 the Scapegoat for Andrew’s $171 Billion Debt
Commentary
Victorians will be paying for the financial mismanagement of the Daniel Andrews government for at least the next decade.
This week’s state budget revealed the massive cost of the government’s failings for families, workers, and businesses.
Worse, the government had revealed no credible plan to bring the vast debt under control.
Victoria’s net debt will balloon out to $171 billion (US$113 billion), that is 171,000 million dollars, by 2026.
This is more than three times the amount forecast in the 2019-20 state budget and is more than the combined debt of east coast neighbours New South Wales, Queensland, and Tasmania….