Victorian Government Downplays $226 Billion Debt Forecast

Victorian Government Downplays $226 Billion Debt Forecast
Victorian Treasurer Tim Pallas speaks to the media during a press conference in Melbourne, Australia, on Nov. 23, 2020. Daniel Pockett/Getty Images
Alfred Bui
Updated:
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The Victorian government has dismissed concerns about its huge debt problem after a credit report forecasts that the state’s net debt will surge to $226.2 billion (US$145 billion) in the next four years.

Global credit rating giant Moody’s has released a report into Victoria’s credit outlook, which casts doubt on the state’s ability to sustainably manage its debts and raises fears of another credit downgrade.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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