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Are state governments on the brink of a debt crisis?

Victoria and Queensland have caught the infrastructure fever from NSW and have super-sized it. But financial discipline is in short supply and the funding numbers are staggering.

Tim Hext

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The business of government is hard, and it’s nowhere harder than at state level.

Making sure the trains run on time, hospitals run efficiently, and schools do well is a tough and unenviable job. The public have high expectations and low tolerance for when things go wrong.

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    Original URL: https://www.afr.com/markets/debt-markets/are-state-governments-on-the-brink-of-a-debt-crisis-20240620-p5jng5