Labor sucks millions out of loss-making water bodies

Résumé détaillé

Victoria’s 18 water corporations have been sounding the alarm over their deteriorating finances as the government seeks to plug holes in its own budget.

The Victorian government sucked tens of millions of dollars in payments out of the state’s loss-making water corporations, which were forced to borrow billions last financial year to fund their operations and help improve the government’s budget bottom line.

The state’s 18 water corporations, which run water-supply and sewerage services to homes and businesses under a statutory body, have been sounding the alarm over their rapidly deteriorating finances as the government seeks to plug holes in its own budget.

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