Queensland slips further away from AAA credit rating

Published: Comments:
Business & Economy Money & Finance Political Queensland Government

Social:   

LNP Leader Deb Frecklington said Standard and Poor's latest credit outlook had once again confirmed the Palaszczuk Labor Government had no plan to restore Queensland's AAA credit rating.

"We are hanging on by our fingernails to our current rating," Ms Frecklington said.

"Labor have got us in deep trouble. There are $83 billion reasons to be worried.

"Increasing debt and public service employee costs have been flagged as concerns that could further lower Queensland's already tarnished credit rating.

"The Palaszczuk Labor Government have no plan to restore Queensland's AAA credit rating and debt continues to increase year after year."

LNP Shadow Treasurer Tim Mander said Labor had broken their own fiscal principle, ensuring Queensland is further away from regaining its AAA credit rating.

"By breaking their very own fiscal principle of lowering the general government debt to revenue ratio, Labor has shown they clearly can't manage Queensland's budget," Mr Mander said.

"Queensland lost its AAA credit rating under Labor and Annastacia Palaszczuk's addiction to spending and growing debt could see another downgrade.

"With forecasts of declining commodity prices and mining royalties, Queensland's finances under Labor are entirely unprepared for the future.

"Queenslanders are already being billed for $3.7 billion in interest a year, that's over $10 million a day and a credit downgrade will cost Queenslanders even more.

"Sadly, it is our children and grandchildren that will have to pay for Labor's economic mismanagement."

 
Deb Frecklington : Leader of the Liberal National Party (LNP) of Queensland :
PO Box 940, Spring Hill Qld 4004, Queensland Wide
07 3844 0666
Deb Frecklington : Leader of the Liberal National Party (LNP) of Queensland
Showing 10+ recent articles for this business
Fardon walks free under Labor's weak laws 16 January 2019 | Pedophile and rapist Robert Fardon's release into the community is a consequence of the Palaszczuk Labor Government's failure to introduce sufficient laws to keep serial predators under strict supervision. More information...
Full extent of Labor's ramping crisis revealed 16 January 2019 | Since the 2017 Queensland election there has been a 24 per cent rise in patients waiting in an ambulance longer than 30 minutes before receiving emergency treatment. More information...
Record coal exports wasted under Labor 15 January 2019 | Despite Queensland reaching a record level of coal exports in 2018, Queenslanders aren't getting the infrastructure they need. More information...
Labor slashes agriculture education while other states race ahead 14 January 2019 | The farming futures of Queensland students are under threat as Labor continues to run agriculture education into the ground, LNP Opposition Leader Deb Frecklington warned today. More information...
Labor's epic fail as prison crisis worsens 19 December 2018 | The Palaszczuk Labor Government has lost control when it comes to running Queensland's prisons. More information...
Palaszczuk must co-operate after Hanna's conviction 17 December 2018 | LNP Leader Deb Frecklington has called for the Palaszczuk Labor Government to rejoin the national taskforce investigating high-level union corruption after today's conviction of her CFMEU comrade Dave Hanna. More information...
Queensland bushfire heroes deserve top honour 17 December 2018 | LNP Leader Deb Frecklington has recommended formal recognition for the men and woman who helped contain Queensland’s catastrophic bushfires. More information...
Statement from LNP Leader Deb Frecklington ~ Gary Spence 14 December 2018 | I would like to thank Gary Spence for his long service to the Liberal National Party. More information...
It's official - Labor's Market-led Proposals are an abject failure 13 December 2018 | Liberal National Party Leader Deb Frecklington has slammed the Palaszczuk Labor Government for blocking crucial private sector projects while Queensland suffers the worst unemployment rate in the nation. More information...
Annastacia Palaszczuk is clueless on youth crime 11 December 2018 | Labor's latest plan to tackle youth offending has proven that Annastacia Palaszczuk is totally out of touch with the community on crime, LNP leader Deb Frecklington said today. More information...



Social:   
comments powered by Disqus

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