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Queensland’s economy teeters on edge of ratings downgrade despite coal royalty windfall
Earnings from mining the fossil fuel set to increase to $6.9bn over financial year, up from $4.8bn, with budget deficit to reach $6.2bn
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3 prospettive sulla stessa storiaTimeline cronologica
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theage.com.au
The Queensland budget will include two big windfalls – but the good news ends there
Economists say credit rating agencies will be watching closely when the LNP government hands down it’s second annual budget on Tuesday.
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afr.com
Queensland treasurer flags stable revenue despite federal budget hit
David Janetzki insists Queensland will see stable revenue growth, even as federal tax changes threaten to trigger a major hit to stamp duties.
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Queensland rules out royalties holiday for major new mines
In a pre-budget interview, the treasurer flatly denied the government would consider relaxing coal royalties for major new projects.
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Queensland to keep energy spend at $5b in steady-as-she-goes budget
Money to upgrade coal-fired power stations and build new transmission lines will be included in a budget that seeks a pathway back to surplus.
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Janetzki’s second budget flags $600m surplus – after the next election
Growth in the state’s debt will continue at a reduced level amid a focus on balance-sheet repair, as major infrastructure costs remain unclear.
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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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theguardian.com
Queensland’s economy teeters on edge of ratings downgrade despite coal royalty windfall
Earnings from mining the fossil fuel set to increase to $6.9bn over financial year, up from $4.8bn, with budget deficit to reach $6.2bn
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Queensland budget lacks structural reform needed to ease debt
Queensland will need to pay an eye-watering sum each year just to cover the interest bill attached to spiralling debt.