Brisbane Times
·general
·1 hour ago
Victoria plans record 1.04 billion dollar road spend despite rising interest costs
Victoria Premier Jacinta Allan plans to spend a record 1.04 billion dollars on roads while reducing state debt, arguing economic growth will lower debt as a percentage of the budget. However, economists warn the strategy of borrowing more to spend more drives up interest costs, which Victoria forecasts will reach 10.5 billion dollars by 2028-29.
Summary by Glance · Brisbane Times
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