Victoria’s public debt is already the highest in the nation, with the state having the lowest credit rating.
One of the drivers behind Victoria’s debt explosion is the state’s wasteful infrastructure binge, often involving giant projects that don’t stack up to rigorous analysis.
Recently, Victoria has seen a cost overrun of $2.5 billion on the Metro Tunnel, $4 billion on the West Gate Tunnel, and $16 billion on the North East Link.
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