NewsBite

‘Uninvestable’: Business blasts Victoria’s ‘reckless’ financial state

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The chairman of Melbourne-based biotech giant CSL, Brian McNamee, says leading fund managers have told him Victoria is currently uninvestable and warned the damage wrought by years of financial mismanagement by successive Labor governments will take at least a decade to fix.

Business leaders, former senior politicians and a former government auditor on Monday expressed concerns about Victoria’s debt trajectory after a damning review of the state’s finances was published in The Australian Financial Review, which Premier Jacinta Allan largely dismissed.

Loading...
Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
Gus McCubbing is a journalist at the Australian Financial Review in Melbourne. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Federal

Fetching latest articles

Most Viewed In Politics

    Original URL: https://www.afr.com/politics/federal/uninvestable-business-blasts-victoria-s-reckless-financial-state-20241125-p5kt9b