@Cowboyinvestor; there's no doubt that the Pandemic hit Victoria hard and that Morrison's mob propped up his beloved gold standard state of NSW at the expense of other states. - this has been discussed at length on this forum.
Morrison and Frydenberg tried to bring Victoria to its knees with impositions ranging from withholding infrastructure funding to cutting hospital funding to refusing to support low income earners at various stages of the Covid Pandemic.
Despite all of that Victoria's debt is largely attributable to investment in core infrastructure funding which is transforming the state and making it much more productive.
Relative to the $Debt runup by Morrison and the Muppets, it's also NOT due to $Feeding $Greed and still lower relative to Morrison's $Debt [Vic was 12% in 2018 vs Morrison's 18.5% & as of today Vic's figure of 35% of GDP is roughly 15% below what Morrison gifted to Albanese [50% of GDP].
