Opinion

Tim Pallas would need to win Oz Lotto for 86 years to pay off Vic debt

Victoria’s treasurer has clearly been overwhelmed by premiers Daniel Andrews and Jacinta Allan, and these Labor years look set to become bywords for state government dysfunction and failure.

Alan StockdaleFormer Victorian Treasurer

Nov 27, 2024 – 5.00am

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On Tuesday, the Oz Lotto division 1 prize is $30 million. Stop for a moment and think what winning a prize like that would mean for you and your family. Financial security and the ability to buy whatever you need and almost anything you could want.

To repay Victoria’s net debt of $135 billion, Treasurer Tim Pallas would have to win a $30 million Oz Lotto prize every week for the next 86 years.

Alan Stockdale was Treasurer of Victoria in the Kennett government from 1992 to 1999.