Queenslands total debt will now be $122.7 billion in 2023-24 about $7 billion better off than initially forecast.
Debt, at this stage, will top out at $127.4 billion by 2024-25, as the governments budgetary outlook improves courtesy of increased revenue from a recovering economy and a reduction in government expenditure.
The economy has bounced back from the COVID-19 lockdowns and draconian border closures another tick for Dick, even if there are dark clouds on the horizon such as national borders remaining closed for longer because of a slower vaccine rollout, or no end to the trade spat between Australia and China that is killing the states coal royalties.
Enter the Future Fund
But, like most budgets, there has been a fair bit of sm…
Read the full article at: https://www.afr.com/politics/dick-starts-to-pay-down-debt-even-if-it-s-a-sleight-of-hand-20210614-p580yl