On Thursday, we all received a shocking insight into just how badly our public finances are being managed by a political class that is incapable of fiscal responsibility.
The new Queensland premier David Crisafulli revealed an unprecedented $46 billion increase in the state’s borrowing requirements over the next three years as a result of revisions to costings for spending on health, education, child services and infrastructure.
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Christopher Joye is a portfolio manager with Coolabah Capital, which invests in securities, including those discussed in his column. Connect with Christopher on Twitter.
