Jun 23, 2026 – 2.14pmRevenue windfalls from coal royalties and a recovery in stamp duty after a one-year slump are forecast to return the Queensland budget to surplus by 2030, but rising debt partly due to soaring public service costs threaten the state’s credit rating.Handing down the state budget on Tuesday, Treasurer David Janetzki conceded Queensland remained at risk of a credit rating downgrade as it grappled with public service costs and an Olympics-fuelled infrastructure pipeline.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Qld to rely on coal royalties, stamp duty to return to surplus
Liberal-National Party Treasurer David Janetzki concedes Queensland is at risk of a credit downgrade but insists his budget is careful and responsible.
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