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Loss of AAA credit rating would cost Victoria up to $10m per year, Treasury reveals – The Age

Treasurer Tim Pallas has defended the new tax on electric vehicle owners and admitted the Metro Tunnel will be over-budget but refused to say by how much.

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The Treasurer also defended the government’s suburban rail loop project, which it committed $2 billion towards in the budget despite the business plan not being finalised.
Liberal MP Bridget Vallence told the Treasurer that “nobody believes” the project will cost the $50 billion slated by the government and criticised investing billions before the business plan as illogical. Mr Pallas said it was the government’s duty to Victorians to start early works on the rail loop that it hopes to finish by…

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