Jim Chalmers was right to ignore former Victorian treasurer Tim Pallas’ request for a “bailout” as 2024 was drawing to a close, as reported by Patrick Durkin in The Australian Financial Review on Monday.Because, almost certainly, the Victorian government would have spent whatever money Chalmers might have agreed to give it out of the federal government’s $900 million National Productivity Fund.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
No, Victoria doesn’t need a bailout. It needs saving from itself
The next Victorian government – whatever its political complexion – won’t be able to pay down much of the debt it will inherit by selling off assets.
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