Part 3/7:
The escalating debt and economic uncertainty are discouraging investment and making it increasingly difficult for businesses to sustain operations. Energy prices, wages, and insurance costs are all rising, further squeezing profit margins and pushing some firms beyond their breaking point. Experts argue that resolving Victoria’s debt dilemma is crucial to restoring confidence among entrepreneurs and encouraging revitalization of the local economy. However, a clear strategy or vision for recovery remains elusive, leaving many questioning how the state plans to break free from its financial woes.