- Nov 10, 2022
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I should have seen this coming!! Point well made. However, no other state of Australia has amassed debt like this state, nor am I aware of any state having amassed record debt and still ploughing on with a massive capital infrastructure project (SRL) for which we have seen no business case or detailed budget.
I heard Tim Pallas on the radio yesterday. He was asked whether he expected credit rating agencies to downgrade Victoria's credit rating further. He sounded nervous and said he didn't think so. When he was pressed he conceded it was a possibility and this had not been factored into forward estimates.
No business case? You are persisting with that failed liberal talking point?