An economist says the Premier’s claim the Victorian government borrowed as much money as it did during COVID-19 due to advice from the Reserve Bank is “at most a partial explanation”.

Earlier this month, Daniel Andrews said the RBA advised state governments “you’ve got to borrow to get through”, and indicated interest rates wouldn’t go up until 2024.

“The blame the Premier is trying to ascribe to the Reserve Bank is only a partial explanation,” economist Saul Eslake told Ross and Russel.

Press PLAY below to hear three options Mr Eslake says the government has to reduce its debt in tomorrow’s budget

Economist weighs in on Premier’s debt claim

What to expect from today’s ‘difficult’ Victorian budget

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