Sky News Australia
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Sky News host Rita Panahi says one of the world’s big three ratings agencies, Moody’s, has forecasted Victoria’s total debt will hit $226 billion by 2026.
“Victoria’s total debt estimate is $55 billion higher than the $171 billion net debt figure foreshadowed in the state budget back in May,” Ms Rita said.
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And people keep voting this moron back in…
And they all just got a pay rise & probably more perks, this shit show has to stop with all the politicians inventing new portfolios for their mates & lavish over seas trips costing 100's of thousands while some are sleeping ruff &/or on the streets
You could do standup, Rita.
I did have a laugh😂😅🤣😂😅
Andrews is the most corrupt and incompetent politician in the world The Libs here in Victoria are a pathetic disgrace
And ALL the thanks for such high debt goes to despotic flog. Any moron can run up debt.
What do you want the money for dan,…
so I can screw over the last remaining australian
Refugees from Danistan!!!
ULEZ camera chaos coming to Victorian government very soon
That’s so Daniel
Can Victoria simply file for bankruptcy?
This is all discussing and Daniel Andrews should be taken to court for running the State of Victoria in to the ground.
So much for the adversarial system with all these twats infighting.
The clown expects a lifetime pension after he runs the state into the ground.
Who would have guessed that shutting down an economy for ~2 years would have any detrimental outcome?
"and his merry band of nincompoops"
Hahahaha!😂
Good work Rita 🇭🇲
It's what labor does. It's what they've always done.
Dan looks evil. I hate seeing his face
It’s funny how these people want to tell us how to spend when they are the ones who suck with money
And with a click of the Computer the debt is wiped away…
Concept only:
300Billion debt
Loan=600B
Total Debt(Loan+Debt)=900B.
Interest or Yield=6%=54B(Yearly)
Invest=500B Dividen=8%=40B
Expenditure(Pay Loan 10 Year)=30B
{
{
10 Year=300B
FullLoan=300B=150%
Basic loan=100%=200B
Buy insurance premium=200B(once)
Payout(Yield=15%,Year=30)
PayoutValue=1.15^30*200B
PayoutValue=13000B(Maturity=30)
A=13000Billion.
}
Expenditure=10B Yearly(Trading) or 100B(Loan)
Capital Buy=% Sell=% Gross
1000 100 25 250
3000 75 25 1000
5000 50 25 2500
7500 25 25 7500
10000 10 25 25000=TP
15000 7.5 25 50000
20000 5 25 100000
25000 2.5 25 250000
30000 1 25 750000
37500 0.75 25 1250000
40000 0.5 25 2000000
50000 0.25 25 5000000
60000 0.1 25 15000000
}
Debt(Loan+Debt)=900B Year=30
Yield=6%
Settlement=900B*1.06^30
Settlement=5200B
B=5200Billion.
(Maturity:M=0 Year)
After 30 Year(To Settle Debt)
A=13000B(Insurance Payout,M=0)
B=5200B(Debt)
Balance=A-B
Balance=13000B-5200B=7800B
Thank you.
Sorry no sympathy for Victorians.
You voted him back in!
You get what you vote for, so don't cry.
When you start paying interest on your interest its over.
WHY DIDN'T YOU CLOSE THE BORDERS WE CAN NOT AFFORD YOUR MESS
Lol, we will have $171 trillion in debt by the time Brandon leaves office. Catch up you slackers! 🤣
The bloody cheek of these banks 🤬🤬