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Bureaucracy and waste are drowning the state of Victoria.
Victoria’s wage bill was $19.5 billion in 2014-15. The most recent state budget projects that wage costs will reach roughly $44 billion by 2028-29.
The massive blowout in bureaucratic headcount is behind Victoria’s gargantuan wage bill.
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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.