Economists warn Victoria’s fiscal outlook likely to be a drag on Australia’s finances

Economists are warning Victoria’s fiscal outlook is likely to become a drag on Australia’s finances.  The federal government’s budget is expected to be negatively affected by Victoria’s COVID debt levy.  The state’s debt is expected to reach $177.8 billion by 2027.   The Victorian government blames this on the pandemic, international conflicts, and inflation.  This comes as Victoria’s Labor government will deliver its tenth budget on Tuesday, and it will be the first budget for Jacinta Allan as Premier.