The Coalition is urging Labor to reject any request from the Victorian Andrews government for a Commonwealth bailout as the state battles eye-watering public debt.
The state’s May budget is set to reveal the eye-watering costs of the world’s longest lockdowns and continued COVID-19 aftershocks crippling the state.
Manager of Opposition Business Paul Fletcher however strongly rubbished the potential move declaring the federal government’s finances could not afford a bail out of the country’s second largest economy. Premier Daniel Andrews has already confirmed the budget will include a sweeping 10 per cent cut of public service staff.in a bid to put downward pressure on the burgeoning $33 billion public sector wages bill.
Victoria’s massive infrastructure bill is also set to balloon with the independent parliamentary budget office last year estimating theSpeaking to the AFR, the Premier revealed discussions were underway with the Commonwealth over potential assistance but refused to accept the characterisation of a “bailout”.
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