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Energy funding chopped under weight of Victoria’s debt

The Allan government has slashed by nearly a third the funding for the department that oversees what it claims are nation-leading emissions policies, as it tries to rein in Victoria’s public debt.

Treasurer Tim Pallas on Tuesday delivered a $15.2 billion deficit in his 10th budget and revealed net debt would grow from $156 billion next year to $188 billion by 2028.

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Gus McCubbing is a journalist at the Australian Financial Review in Melbourne. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com

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    Original URL: https://www.afr.com/politics/energy-funding-chopped-under-weight-of-victoria-s-debt-20240510-p5jcio