Will the budget threaten Vic’s triple-A rating?Victorian state debt will explode from less than $4 billion to over $31 billion by 2013 — almost exactly the same figure as in 1992, when the state lost its triple-A rating, writes Terry McCrann.
Joan Kirner
Bligh singing from Kirner’s debt sheet
The parallels between the tanking Queensland economy and Victoria’s in the dark days of the early 1990s are striking, says Stephen Mayne.
