The Age
·general
·1 hour ago
Victoria spends $750 million on cost-of-living relief as debt soars past $195
Victoria's government unveiled cost-of-living handouts including $750 million for car registration refunds and extended free public transport, but economists warn the spending spree masks a deeper crisis. State net debt will exceed $195 billion by decade's end, with interest payments ballooning to $11.8 billion by 2030. Treasurer Jaclyn Symes spent surprise windfalls without reducing debt despite slowing economic growth forecasts.
Summary by Glance · The Age
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