The Liberal government in Victoria has brought down it's first budget....exerpts from ABC Online...
The Victorian Treasurer, Kim Wells, says the Government will have to borrow to pay for its election commitments, with debt set to grow from 2.6 per cent to 5.9 per cent in the next two years.
But he says stabilising the State's debt is a priority.
However net debt is going up. For 2011, the debt is $11.9 billion, rising to $16.8 billion in 2012 and soaring to 23.1 billion by 2015.
