Victorians railroaded into debt slavery

Victoria’s financial situation is dire, as projections indicate that the state’s debt will increase from $155.5 billion to $194 billion by FY29.

Victoria’s per capita debt, already the highest in the nation, is projected to rise from $21,900 currently to $25,500 in FY29.

Ratings agencies have warned that they will downgrade Victoria’s credit rating, which is already the worst in the nation, if the state does not bring debt under control.