Victoria expected to fork out $6.4 billion in interest repayments by 2025

Victoria is expected to fork out $6.4 billion in interest repayments by 2025 as the state’s debt soars.

The projection more than doubles the state's current annual repayments - prompting a warning over its financial trajectory and government complacency.

Former federal treasury ­official Gene Tunny says, "the problem is the trajectory is rising," and "Victoria just seems to have given up".

[daveo]

Just something else the Victorians have to thank Hunchback Dan for. Buses to throw people under (politically) lack of memory (he really should get that looked into) rubber bullet spraying, throwing 70 year old women to the ground before pepper spraying, the list goes on and on and on.

[chairmandan]

Victoria has just given up, understatement!

[mikespike]

Isn’t Danny Boy giving $20, 000 to each Vic Aboriginal with “hurt feelings” about what happened to their distant relatives ?! Repairing budget much 🤔 hmmm

[DanielSMatthews]

Yeah, and who is holding all of this state and federal debt, who has been _given_ the opportunity to dip their grubby fingers into a river of gold that will flow for decades?

[eb]

Listening to Lord Monckton talk on an American talk back radio show about 10 years ago, during Obama's presidency, he commented on the US's out of control spending and printing of money. He said if you wanted to introduce communism, that is precisely how you would do it. I don't think it is at all far fetched that this has been part of Dan's modus operandi from the outset.

[shadesofgraygraytheorigina]

And yet more reason to vote out the Andrews government in November👌🏻

[ring-tone]

Building companies collapsed in their States. Lots are going that way. Can’t get materials and builders. Transport companies in same dire situation. Many facing collapse and with it unimaginable collapse of supply chains – a catastrophe for all; Unsustainable High operating costs and fuel prices. While dozens of perfectly good and healthy workers sit at home mowing lawns having lost their jobs for no reason other than forceful vaccination of a drug that has been developed using a process that raises both ethical, moral and religious consciences. Punished for their conscience. No accountability for idiotic policy, that hurts the public and businesses. Seems almost deliberately designed to run down the economy and pain. “New Normal”.

[eb]

Bet Dan never bothered to tell anyone when it was all going to come home to roost. No wonder he's busy privatising. You gota pay for that money somehow.

[TrickyBoyREAL]

Debt isn’t a competition.
If the egregious Andrews government has amassed massive debt, then stupid deflections are not going to achieve anything. A change of government might 👍

[ring-tone]

I can't see how forcing anyone to trust their health to a product, especially when it's a rushed product, especially when they aren't held liable for the effects of the product, and especially when the people doing the forcing are profiting off of the company making that product is anything other than evil..

[xeno]

In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal.

[whiskeygamer]

It's a good thing that you can drive around Victoria to avoid it. Lol

[tonybennett]

The people of Victoria deserve Andrews...

[gsly]

Ask Dan and his stinking mates for it.

[trill]

And on top of that you have Charmers budget full of federal labor rises
And don't expect any cost of living hand outs because they were s waste that had to be cut

[vivrowe]

Andrews is taking time off for his 50th birthday to go out for dinner with his wife and a little lie down. Wonder what happens to his security?

[dominicpelle]

Somehow the ANTI-DAN punters missed the it's risen to *7% of REVENUE*

Meanwhile NSW Budget deficit hits $11.3 billion.

[alanhuntley]

Victoria deserves every problem the get for electing Andrews.

[robwitthoft]

So....roughly debt of $91 billion ie +- 15 to 20 per person in victoria..ie excludes Fed Gov debt and other states. Hmmm

[whiskeygamer]

Victoria is equivalent to California. Lol