‘We need to worry about this’: Tom Elliott’s dire debt prediction if Victoria’s credit rating gets cut

Tom Elliott has given his dire estimation on future debt in Victoria, as the state’s credit rating remains under threat.
A few months back, the 3AW Mornings host spoke to the director of the sovereign ratings team at S&P Global Ratings, Anthony Walker, who stated if the state government went ahead with the Suburban Rail Loop, the credit rating would likely be downgraded.
And with the state’s debt growing, Elliott said “we need to worry about this”.
Press PLAY to hear his dire prediction on Victoria’s debt if the credit rating gets cut + what the state government could do to reduce debt
“It is our debt, and the end of the day as Victorian taxpayers, as the debt gets out of control and it is verging on that, we are the ones who have to pay it,” he said on 3AW Mornings.
Mr Walker then joined 3AW Mornings again, and doubled down on the fact that the Suburban Rail Loop project is “definitely a risk to the fiscal outcome for the state”.
But he stated there’s a “saving grace” for the state’s credit rating at the moment in regards to the big project.
Press PLAY to hear him explain
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