Queensland’s credit rating is in doubt,partly because the LNP government released a damning account of Labor’s last budget without offering any solutions.
Having warned of a difficult first budget,Queensland Treasurer David Janetzki has gone outside the public service to appoint a new head of Treasury.
The states have been warned their credit ratings could be sliced due to their inability to control spending.
David Crisafulli has told public servants their jobs are “secure” after the mid-year budget update forecast debt to rise to $217.8 billion by 2027-28.
Delivering what he described as “Labor’s last budget update”,rather than the LNP’s first,Treasurer David Janetzki cast a bleak picture of the state’s finances.
Treasurer David Janetzki has delivered his official appraisal of Labor’s last budget,notionally setting aside billions of dollars for services he says were left underfunded.
A week out from Treasurer David Janetzki’s first budget update,the spotlight is on youth crime,health and housing – and what Labor left behind.
Amid a flurry of opposition attacks,acting treasurer Deb Frecklington insists the LNP government can fix “Labor’s mess” without breaking promises.
In his first major speech,Treasurer and Energy Minister David Janetzki has painted the clearest picture yet of the new LNP government’s power plans.
Despite the negative budget picture being painted by the new government,Treasurer David Janetzki says his party will still “be delivering on our promises”.