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Politics

Melissa Meehan, Callum Godde and Holly Hales

HISTORICAL FACTS: Treasurer resigns amid scrutiny over state debt | History Defined

Tim Pallas has called time on his parliamentary career after ten years as Victoria's treasurer. (Diego Fedele/AAP PHOTOS)

Victoria will have its first new treasurer in a decade as Tim Pallas steps down and quits politics, leaving a mountain of state debt in his wake.

Mr Pallas announced he would resign from cabinet and retire as the member for Werribee after 18 years in politics at a snap press conference on Monday.

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