Considering the States debt is less than 30% of its economy the term “disaster” as expressed by the Mainstream media and LNP is a total exaggeration and simply Abbott-like political scaremongering. An objective Fact Check shows the LNP and the media are more than just gilding the lily. Compared with other Nation States Victoria is carrying a very respectable debt level having managed Covid and being the most desired state to migrate to.

UK 95%, Brazil 93% USA 259% Japan 200% and under our Morrison LNP 132% https://worldpopulationreview.com/country-rankings/countries-by-national-debt

Dan Andrews has actually achieved real progress in his 14 years. Much more than can be said of the federal  and NSW governments. They are both in opposition now because of their disastrous records of damage, corruption done and promises unfulfilled. (Old Dog)

Mr Davis’s claim is gilding the lily. So are similar claims from Mr Guy, Mr Bach and the Liberal Party organisation. It’s important to note that Victoria’s net debt in June 2022 was $99.98 billion. It is not yet the $165.9 billion it is projected to be in June 2026, despite Liberal Party claims it has already “blown out” to similar magnitudes and Mr Davis’s claim that it will reach that level by 2025. Nonetheless, Victoria’s June 2022 debt sits head and shoulders above any other state or territory in nominal terms. But adjusting for the size of each state economy, using a debt as a proportion of gross state product as a measure, Victoria and the Northern Territory are neck and neck, with other states still far behind. Victoria’s June 2022 debt is also larger than the combined total of NSW, Queensland and Tasmania in both nominal terms and as a share of gross state product. However, the gap is larger now than it is projected to be in June 2026. The debt in Victoria in June 2026 is projected to be larger than any other single state, including the NT, on both measures. But projections for four years in advance are far less reliable than actual and estimated figures for the most recent

Source: Fact Check: the Victorian Liberals say the state’s debt is larger than any other state and larger than NSW, Queensland and Tasmania combined. Is that correct?