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Victoria needs deep budget cuts, not policy gimmicks

The Victorian government’s financial report for 2025-26, released last week, shows that the state’s net debt rose to $160.7 billion during the financial year. Operating expenses rose $8 billion from the previous fiscal year to $112 billion, and $891 million above the budget forecast, driven mainly by rising wage costs. The state’s net debt is The post Victoria needs deep budget cuts, not policy…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

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US stocks rebound while Europe falls on unrest

The Nasdaq rose more than 1 percent on Monday as tech shares rebounded ahead of a big week for AI-related earnings, while European stocks and the euro fell as unrest in France added to concerns about the country's fiscal outlook.

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