State government debt for every Victorian has overtaken federal government debt per person and increased by almost 10-fold since before the pandemic, with Victorians owing $19,500 each on average.
The state net debt bill per Victorian is on track to exceed $25,000 by 2027-28, according to figures in a new report by the parliamentary budget watchdog in Canberra.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
