LNP Shadow Treasurer Tim Mander ~ Queensland’s debt bill


Annastacia Palaszczuk’s Treasurer has today confirmed that Queensland’s debt bill will break through the $100 billion barrier in less than 12 months.


That’s a $17 billion blowout since December last year, increasing the interest bill for Queensland taxpayers and putting additional pressure on our credit rating.


It’s even more reason why we need to invest for growth and rein in wasteful spending.


The Labor government needs to stick to its fiscal principles, which it has all but abandoned, to secure our economic future.


The LNP’s fiscal principles ensure that Queensland builds a stronger economy to secure more jobs and improve services like health, education and policing.


With today’s update by the Commonwealth, Annastacia Palaszczuk needs to deliver a full state budget before the next election.


Anything less is keeping Queenslanders in the dark about the state’s finances and how their taxes are being spent.


While the Palaszczuk Labor Government is the only state to cancel its budget this year the LNP has committed to deliver a full budget within the first 100 days of government.


No budget means no economic plan to lead Queensland out of recession.  


The LNP will stabilise Labor’s debt and deliver our economic plan to get Queensland working again. 


We have already released the LNP’s fiscal principles:


  1. Strive to be the lowest taxing government in the nation by guaranteeing no new taxes and a 10-year royalty freeze.
  • Boosting business confidence
  • Attracting more investment
  • Creating more jobs
  1. Target fiscal balances across the economic cycle by limiting general government expenditure to less than revenue.
  • Improving government efficiency
  • Ending Labor’s wasteful spending
  • Investing in quality service delivery
  1. Stabilise and begin repaying Labor’s debt with the target of regaining the state’s AAA credit rating.
  • Implementing a budget repair strategy
  • Strengthening the balance sheet by building new assets
  • Expanding economic activity
  1. Set improved standards in public service delivery and accountability across the whole of Queensland.
  • No forced redundancies
  • Improving frontline services
  • Enhancing services with technology
  1. Build the job-creating infrastructure Queensland needs to boost state growth and improve productivity.
  • Establishing the Queensland Infrastructure Fund
  • Building new roads and dams
  • Delivering the New Bradfield Scheme
Coronavirus COVID-19 Elections Money & Finance Political Queensland Government

LNP : Liberal National Party :
PO Box 940, Spring Hill QLD 4004, Queensland Wide
07 3844 0666
07 3844 0388
LNP :  Liberal National Party
Showing 10+ recent articles for this business
Premier getting tested for COVID-19 17 September 2020 | Reports that Annastacia Palaszczuk has been tested for COVID-19 have raised concerns about the Premier’s recent regional travel schedule. More information...
Labor delivers more jobs pain for Queensland 17 September 2020 | Shocking unemployment figures, which show Queensland has the second worst unemployment rate in the nation, have been released by the Australian Bureau of Statistics today. More information...
LNP training plan to secure jobs for young Queenslanders 17 September 2020 | Boosting training opportunities that lead to jobs is a key part of the LNP’s plan to cut unemployment and ensure young people can get a job and get ahead on the Sunshine Coast. More information...
Queenslanders at risk of losing out in minor party power sham 09 September 2020 | More than 200,000 Queensland families are at risk of losing access to the solar bonus scheme, after a motion was supported by Katter’s Australia Party, One Nation and North Queensland First. More information...
Labor's smoke and mirrors can't hide rural fire cuts 09 September 2020 | The LNP has accused the Palaszczuk Labor Government of using smoke and mirrors to hide cuts to Queensland's rural fire brigades. More information...
Bushfire Royal commission interim report backs LNP's plan 02 September 2020 | The Australian Government's Royal Commission into National Natural Disaster Arrangements interim report has highlighted opportunities for improvements that line up with the LNP's 10-point Bushfire Mitigation... More information...
Labor must release secret mine safety report 02 September 2020 | The LNP is demanding the Palaszczuk Labor Government release its report on the Grosvenor mine explosion and safety in Queensland’s resources industry. More information...
LNP will secure future of Noosa Landcare 01 September 2020 | An LNP Government will help to secure the future of Noosa and District Landcare, the party’s Shadow Environment Minister David Crisafulli announced today. More information...
LNP Statement on new cross-border medical unit 31 August 2020 | “The creation of a new unit and hotline to deal with cross-border medical emergencies and specialist treatment confirms that Labor has failed patients. More information...
Queensland unemployment worst in nation 26 August 2020 | A record 234,800 Queenslanders are now officially out of work and on the jobless queue. More information...

comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service