{
  "id": 2043163,
  "title": "Victorians must accept deep austerity",
  "url": "https://urgent.news/2026/08/20/victorians-must-accept-deep-austerity",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T00:00:32.000Z",
  "source": {
    "name": "MacroBusiness",
    "slug": "macrobusiness",
    "url": "https://www.macrobusiness.com.au/2026/08/victorians-must-accept-deep-austerity/"
  },
  "original_language": "en",
  "account": null,
  "summary": "History doesn’t repeat itself, but it sure does rhyme. When Jeff Kennett became Victorian Premier in October 1992, Victoria’s net debt was more than 30% of gross state product (GSP) — one of the highest state debt burdens in Australian history — and it had lost its AAA credit rating and was facing rising borrowing The post Victorians must accept deep austerity appeared first on MacroBusiness .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}