The warning comes as the Commonwealth Grants Commission on Tuesday revealed that Victoria was the biggest winner of the new GST allocation plan, with the state’s GST take to increase by $3.8 billion to $23.7 billion next financial year.
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Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com