Australian (ASX) Stock Market Forum

Victorian Politics

I posted this video in another thread, but seeing as this happened in Victoria, I think it is relevant here.


 
The Victorian Liberal Hierarchy must think that John Pessutto is going to come secodn best in the Moira Deeming defamation suite.
It seems what was a quiet bit of backroom manoeuvering has become a more open revolt.
From ABC News
1728282910716.png

Never get in the way of a politician and his/her/its/their ambitions.
Mick
 
Spitting in the face of all the kids who have suffered mental illness because of this demon's tyranny.

 
From AFR
The scary part is that the Victorian Government is planning on borrowing even more money.
Mick
Victoria’s debt has jumped by more than $20 billion in the past year and the interest bill has surged almost 30 per cent, stretching the government’s ability to pay for basic services such as health.

Labor Treasurer Tim Pallas on Friday reported that net debt had reached $140.7 billion as of September 30, up by $7.4 billion since June.
SA&P Global Ratings analyst Anthony Walker forecast that Victoria’s debt would reach $196 billion by June 2026.
The new Treasury figures show the Victorian government’s quarterly expenses bill jumped 7.7 per cent over the past year to $24.9 billion in the three months to September.
The largest growth in expenses was interest payments. The government forked out $1.6 billion in interest to bondholders last quarter, 28.1 per cent more than in September last year.

The assessment comes amid signs the government is struggling to meet spending commitments and is under pressure to further increase its public sector wages spending.
An annual report tabled in parliament this week revealed Victoria’s health services are $1 billion in the red, while state police seeking a 24 per cent pay rise over four years walked off the job for the first time in two decades.
The Reserve Bank of Australia has said it has been surprised by the magnitude of the recent increase in public sector spending, which some economists have blamed for prolonging inflation.
Treasury secretary Steven Kennedy revealed on Wednesday that state and territory governments had made $20 billion worth of new spending announcements for the 2024-25 financial year that were not accounted for in the federal government’s budget in May.

1731652310777.png
 
Top