The Victorian government’s financial troubles are widely documented.
In 2023-24, the state had the nation’s highest per capita net debt and the lowest credit rating (AA).
The trend growth in Victoria’s debt is equally alarming.
The two leading international rating agencies, S&P and Moody’s, warned that if debt levels are not managed, Victoria’s credit rating may be further downgraded.
Advertisement
Further downgrades seem inevitable given that the Victorian Budget for 2023-24 specifically stated that it expects the federal government to provide “a matching contribution” to the first stage of its Suburban Rail Loop (SRL) project, which the federal government has declined to fund beyond the already committed $2.2 billion.
Source:…
