Stubborn government refuses to pay down some of what it owes

Victoria's government will pay $7.85 billion in debt interest this financial year, ballooning to $11.8 billion by 2029-30, Treasury data shows. The cost represents the fastest growing budget line item and stems from borrowing under previous governments plus refusal to retire debt. By 2029-30, one in ten revenue dollars will service interest alone.

Summary by Glance · SMH