Victoria's government spends $4 billion on election promises as debt soars to

Victoria's government unveiled over $4 billion in election-year spending including transport subsidies, school upgrades and health funding. However, state net debt will reach nearly $200 billion by decade's end, with interest costs growing fastest of any budget item. Treasurer Jaclyn Symes spent recent windfalls entirely rather than reducing debt, drawing criticism from economists over the state's deteriorating finances.

Summary by Glance · SMH