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Twelve years of Labor government have completely destroyed Victoria’s finances.
When the Andrews government took office in late 2014, Victoria’s net debt was only around $20 billion. Today it is more than $165 billion and is forecast to hit around $200 billion by the end of the decade.
The per capita level of state debt in Victoria is also forecast to reach 32,300 by 2030:
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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.
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