Net debt in Victoria grew by more than $2 million an hour last financial year, a new report has revealed - showing the dire situation the state's finances are in.

Treasurer Jaclyn Symes tabled Victoria’s 2024-25 Financial Report in state parliament on Wednesday, declaring the state’s economy was “strong” and that the Allan government’s economic plan was on track.

But figures in the report showed Victoria’s net debt had grown by more than $17.6 billion in the 2024-25 financial year, a rate of more than $48 million per day, or $2 million every hour.

The state’s total government sector net debt was almost $151 billion last financial year, with the amount Victorians paid in interest payments jumping by $272 million to more than $6.7 billion.

Shadow Treasurer Jess Wilson said the latest rep

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