Victoria is the country’s most indebted state, with the lowest credit rating.
S&P Global expects Victoria’s debt to rise to $247.2 billion by 2027, up from $55.2 billion in 2019, making it Australia’s worst-performing state.
![Soaring state government debt](https://api.macrobusiness.com.au/wp-content/uploads/2024/03/state-government-debt-2.png)
Victoria’s poor budgetary position is based on waste.
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