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Victoria Shadow Treasurer James Newbury claims Victoria is “doing the worst” on every measure economically. A parliamentary enquiry earlier this week showed that Victoria’s debt is on track to hit a record of $194 billion by 2029. The Victorian Treasury officials, when asked about the problem, said they have not done any modelling to prevent Victoria’s credit rating from being downgraded. “I don’t think it was by accident, I think they didn’t want to know because they are predicting a phony surplus of $600 million, and if they get a downgrade, it’s going to cost us another $300 million in interest payments,” Mr Newbury told Sky News host Steve Price. “I don’t think they want it modelled.”