The lingering effects of Daniel Andrews’ heavy spending during the pandemic and a rebound in Victoria’s population growth mean the debt-laden state has been assessed as financially needy and will for the first time be subsidised by other states in the annual GST carve-up.
Coal-rich Queensland, in contrast, will suffer a $2.4 billion reduction in funding because the state was determined to be able to pay for the services its residents need from other sources of revenue such as royalties.
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