Original article by Mark Ludlow
The Australian Financial Review – Page: 4 : 13-Jun-18
The Queensland Government’s June 2018 Budget includes a surplus of $A1.5bn for 2017-18 and just $A148m in 2018-19. The government has also committed to spending $A11.6bn on infrastructure projects in 2018-19 and $A45.8bn over four years. This will contribute to a blowout in the state’s debt to $A83.1bn over the next four years. Revenue from coal royalties have topped $A3.77bn in 2017-18, after coal prices were higher than expected. The government will also raise an additional $A1.8bn via five new taxes over the next four years.
QUEENSLAND. TREASURY, AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED, STANDARD AND POOR’S FINANCIAL SERVICES LLC, LIBERAL-NATIONAL PARTY OF QUEENSLAND