this week it was concerned that the state’s big debts and deficits leave the government with few fiscal resources to react to other health or economic shocks.
The treasurer says state government spending underpins Victoria’s “remarkable” economic recovery” from the shock of the pandemic. The other major credit rating agency, S&P Global, which also downgraded Victoria’s credit score in December 2020 by an unusual two notches, maintained its “stable” outlook for the state last month, noting the big capital spend was improving the state’s economic outlook but weighing heavily on its balance sheet.
“The Victorian government has said the role of the budget during the pandemic has been to support the economy, and they would say it has done that with great success, pointing to strong employment growth and record low unemployment as evidence.
And let me guess who is responsible for spiralling debt, that would be Tim Pallas and the Labor Government, and the poor long suffering Victorian tax payer will be left to foot the bill whilst Pallas and his acolytes ride off into the sunset on big fat superannuation payouts.
The Daniel Andrews State LABOR govt BILLIONS of debt
THE AGE 😂 owned by nine network run by Peter Costello expect nothing less
Watch and Learn 👉How are governments paying for COVID-19 debt?
Of course, Hayward, Chair of FRV Advisory Board. He’s part of the family!
To be expected…
Vic Labor are the worst economic managers in the country.
It's okay, Dan says things cost what they cost when responding to $25b in waste and infrastructure cost blowouts 🤷🏼♂️
These clowns have created the biggest state debt in the country whilst ignoring health, 000 and ambulances. End you corrupt behaviour now especially after your 9 month lockdown created the biggest health crisis in history along with destroying our economy.
Seriously?! Have they/you seen the state of the federal budget?!?
ANYTHING to take the focus off Morrison's trillion dollar debt and deficit disaster.... Right on form The Age...