Victorian government enslaves taxpayers

Wednesday 13 November 2024

It is best to stop digging when you are in a financial hole.

The Victorian government is drowning in debt with the lowest credit rating in the nation.

The world’s two largest credit rating agencies, S&P Global and Moody’s, recently warned that Victoria faced further downgrades unless it controls its debt.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.