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AAP
AAP
Callum Godde and Adrian Black

Financial watchdog warns of structural budget problems

The Victorian auditor general has hit out at ongoing deficits posted by the state government. (Diego Fedele/AAP PHOTOS)

Years of deficits are a sign of a structurally sick Victorian budget and long-term plans to fix it are reactive, the state's financial watchdog has warned.

Auditor-General Andrew Greaves has sounded the alarm about "structural issues" in his 2023/24 annual financial report into the state after the government sector posted another operating loss of $4.2 billion.

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