Victorians groan under ballooning debt

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Last month, the Australian published the following chart showing that Victoria’s per capita gross and net debt were the highest in the nation.

Per capita debt

Source: The Australian

On Friday, the state government released its quarterly financial report for the three months ending 30 September, revealing that net debt had risen to $140.6 billion.

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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.