Any federal government that’s serious about reforming Commonwealth-state relations would stop rewarding Victoria’s disastrous financial mismanagement.
Already a subscriber?The office sweepstakes for the Melbourne Cup is a tradition in Victoria. There are prizes for those holding the ticket for the horses that come in the top three and a consolation prize for the person whose horse is last over the finishing line. If you’re watching the race and know your horse can’t win, you’ll barrack for it to come last.to the states is not unlike a Melbourne Cup sweep. Except there’s no prize for being the best-run state.
That implies Victoria needs more money because of things outside its control – which is untrue. The state’s economic circumstances are the product of deliberate policy decisions by its current Labor government in thrall to the public sector, public sector unions, and the Greens. Victoria actively discourages resource development. With the support of the Coalition opposition, Labor changed the state’s constitution to permanently ban fracking for gas.
The massive GST handout to Victoria reinforces the 2024 State Economic Scorecard released by the Institute of Public Affairs earlier this week. The scorecard ranks the performance of Australian states on 10 key performance indicators. The Victorian government claims its record debt levels are necessary to pay for the infrastructure required to accommodate unprecedented rates of immigration into the state. It’s politics as much as demography that’s determining Victoria’s infrastructure agenda.The Suburban Rail Loop is a 90-kilometre railway line through Melbourne’s eastern suburbs with their brick veneer homes on quarter-acre blocks.
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