The budget further trashes Queensland’s traditional reputation as a low debt, lower taxing, business-friendly jurisdiction as Labor tries to spend its way back into power.
The Queensland budget is a politically shameless and fiscally irresponsible attempt by a Labor government staring at seemingly certain defeat at the October state election to spend its way back into power.
The $11.2 billion cash splash on cost-of-living handouts will turn this year’s small $564 million surplus into a $2.6 billion deficit in 2024-25. Treasurer Cameron Dick says it’s a “deliberate choice” to put the budget into deficit to help Queenslanders “keep their budgets in balance”.
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