Opinion
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.
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