{"id":150837,"date":"2024-11-22T16:12:00","date_gmt":"2024-11-22T06:12:00","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=150837"},"modified":"2024-11-22T16:12:01","modified_gmt":"2024-11-22T06:12:01","slug":"vics-future-at-risk-as-state-debt-soars-faster-than-expected-watchdog-warns","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=150837","title":{"rendered":"Vic\u2019s future at risk as state debt soars faster than expected, watchdog warns"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Record debt is threatening Victoria\u2019s prosperity and economic stability, the state\u2019s financial watchdog has warned, and it says the Allan government lacks a long-term strategy to manage it.<\/p>\n\n\n\n<p>Victoria\u2019s auditor-general has warned that the state\u2019s finances under the Allan Labor government have become unsustainable, with state debt now expected to pass $228 billion, up from $188 billion, by 2028.<\/p>\n\n\n\n<p>The annual report into the state\u2019s finances&nbsp;<a href=\"https:\/\/www.parliament.vic.gov.au\/parliamentary-activity\/tabled-documents-database\/tabled-document-details\/8860\">tabled on Friday<\/a>&nbsp;showed Victoria\u2019s general government sector incurred an operating loss of $4.2 billion this year, bringing the accumulated losses over the past five years to $48 billion.<\/p>\n<\/blockquote>\n\n\n\n<p>If you now vote for the liberals at the next election it will be a cancel culture and nothing will be delivered for years except TOLL ROADS which is all really they know how to do.<\/p>\n\n\n\n<p>With some bemusement we also read how when Napthine was in power in Victoria, <a href=\"https:\/\/www.vibewire.com.au\/?p=149283\" target=\"_blank\" rel=\"noopener\" title=\"Jeff Kennett says borrow big for Melbourne\u2019s underground rail loop\">Jeff Kennett wanted him to borrow up big<\/a> for rail projects, now we have the Right Wing Herald Sun saying this is all bad.<\/p>\n\n\n\n<p>What do we do next?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What do we do next?<\/p>\n","protected":false},"author":22,"featured_media":150839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[273,999,35],"tags":[993,8],"class_list":["post-150837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","category-australia-politics","category-breaking-news","tag-melbourne","tag-victoria"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/150837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=150837"}],"version-history":[{"count":3,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/150837\/revisions"}],"predecessor-version":[{"id":150846,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/150837\/revisions\/150846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/150839"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=150837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=150837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=150837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}