The AFR View
Allan and Pallas in denial about Victoria’s state of decline
Victoria’s bigger spending and bigger debt trajectory is not sustainable, and no amount of political spin from the leaders to blame for making such a mess of public finances can cover that up.
Acceptance is the first step on the road to recovery. But it seems the Victorian Labor government is unable to properly deal with its dependency problem because it is in denial about the state’s economic and budget predictament.
On Monday, The Australian Financial Review published economist Saul Eslake’s audit of Victoria’s finances. Charted by the numbers was Victoria’s decline from among the most prosperous and powerful states in Australia to near the bottom of the national league table on a range of key indicators.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Politics
Fetching latest articles