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Victoria leads blowout in state government debt

March 4, 2024 - 10:30 -- Admin

A report from S&P Global Ratings warns that the combined debt of Australia’s state and territory governments will reach a record $600 billion in 2024. This is forecast to reach $768 billion by 2027. In contrast, the combined debt was just $266.3 billion prior to the pandemic. Victoria’s gross debt is forecast to blow out to

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