Advertisement
The Victorian government is drowning in debt, with the nation’s largest debt load and the worst credit rating.
Source: The Australian
The world’s two largest credit rating agencies—S&P and Moody’s—warned that Victoria faces further credit rating downgrades if it does not bring its debt under control.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.