Victoria’s budget finances are in disarray, with the state carrying the nation’s highest debt and lowest credit rating.
According to the latest state budget, Victoria’s net debt will rise to $194 billion by 2028-29, from $155.5 billion currently.
Victorian net debt per capita is the highest in the nation. In 2023-24, Victoria’s per capita net debt was $22,905, well ahead of the other states.
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