Tom Elliott’s ideas to reduce debt in Victoria amid ‘bad news’ on the state budget front

Tom Elliott has floated some ideas which could help fix Victoria’s skyrocketing debt, amid some “bad news” on the state budget front.

A report from Victoria’s Auditor-General’s Office has looked at the state’s finances, and rather than government’s debt increasing to $188 billion in the next four years, the number has lifted to $228 billion.

“Clearly this is unsustainable, you cannot keep borrowing money willy-nilly,” the 3AW Mornings host said.

Press PLAY to hear some of his ideas to fix the state’s debt levels

Chief Executive of Victorian Chamber of Commerce and Industry, Paul Guerra, says the current and forecasted debt levels is a “significant concern”.

“Victoria’s economy needs to be strong for the rest of the country to be strong as well,” Guerra told Tom Elliott.

Press PLAY to hear the full interview

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