The next Victorian government must downsize the bureaucracy

The Victorian budget is drowning in debt. Net debt is forecast to hit $200 billion by the end of the decade:

Credit ratings agency Moody’s recently forecast that the state would spend $1 of every $10 of revenue earned on interest payments by the end of the decade:

Wages are the Victorian budget’s largest expense. The Victorian government’s budget papers forecast the state’s public sector wages bill to rise from more than $40 billion currently to around $46 billion by 2030.