HomeGeneral NewsPandemic ‘turbo-charges’ Victoria’s debt | The Australian

Pandemic ‘turbo-charges’ Victoria’s debt | The Australian

November 30, 2021

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Victoria’s debt has “turbo-charged” the COVID-19 pandemic, according to Victorian Liberal MP David Davis.

It comes as a new S&P Global Ratings report warns Victoria will have the weakest post-COVID fiscal position of any state or territory in Australia - with its debt expected to be triple the level it was in 2019.

“Bear in mind, before COVID, our financial position was deteriorating badly, and we were starting to rack up debt at a fast rate,” Mr Davis told Sky News host Cory Bernardi.

“And then you lay COVID on top, and this has turbo-charged the debt.

“It’s actually extraordinary, and Victoria is in a much weaker position than any other state.”

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7:01PM November 30, 2021

Victoria’s debt has “turbo-charged” the COVID-19 pandemic, according to Victorian Liberal MP David Davis.

It comes as a new S&P Global Ratings report warns Victoria will have the weakest post-COVID fiscal…

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