THE State Government has recorded a deficit of more than $3.8 billion for the September quarter, fuelled by the global economic crisis.
A quarterly financial report, tabled today in state parliament, reveals superannuation liabilities and investment losses hit the bottom line.
The loss came on the back of reductions in stamp duty, with the Government hurt by a cooling housing market and weakening income tax revenue.
Net debt skyrocketed by $638 million in the three months to September to $2.78 billion.
- Forums
- Political Debate
- now it's victoria's turn
now it's victoria's turn
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online