No other state wears the title of economic problem child quite like Victoria, which is staring down the barrel of a serious financial predicament ahead of Tuesday’s budget. Global ratings agencies have now put the Victorian Labor government on notice: rein in spending, find savings and slash debt or face another credit rating downgrade.
But hopes that Premier Jacinta Allan and new treasurer Jaclyn Symes will chart a path to fiscal responsibility are fading, as the government’s pre-budget political narrative raises more questions than it answers.
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