The Meeting Place

Qld on it way to a being a Liberal run State at next election

wow..once again another Labor run State in big trouble. 

DEBT is set to break through the $90 billion mark within four years under Jackie Trad’s big borrowing, big taxing budget.  we all know Labor cannot manage  money!

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Oh dear ... as a resident ... beautiful one day and poor house the next.

Ms Trad: "The way you reduce debt ... is you grow the economy, you grow the economy and you get more revenue in and you have less reliance on debt."

Total debt will continue to soar, hitting $90.72 billion by 2022-23, but Ms Trad insisted the state government still had a debt reduction strategy and would continue to find savings.

https://www.brisbanetimes.com.au/politics/queensland/queensland-budget-more-tax-and-debt-as-state-weathers-economic-storm-20190605-p51uuu.html

Mmmm to those comments!!

"The Queensland public service will grow by 1.68 per cent over the forward estimates, compared with Queensland population growth of 1.75 per cent." 

If each state were to continue to borrow money to "create" these sort of jobs are we really growing the economy? Australia's workforce is now 16% public servants and these appear to be the only jobs getting pay rises?

Shouldnt our state governments be more focussed on inspiring aspirational Australians to think outside the 9 dots and create productivity and jobs? Gosh, we cant all be risk averse?  

The NT and Qld are a good pair where budgets are concerned

 

"Updated 7 May 2019, 4:07pm  on www.abc.com.a

 

The Northern Territory's debt will grow to $6.2 billion next financial year — the equivalent of $33,000 for every man, woman and child in the Northern Territory, according to the budget handed down on Tuesday morning.

Key points:The NT Budget for 2019-20 forecasts a $6.2bn debt, compared to a total expenditure of $8.4bnA projected return to surplus is so far off, it is not shown in the Budget's forward estimatesBut Treasurer Nicole Manison says the Budget marks a return to a "brighter future" after a period of economic woe

 

That is very large when viewed against a total expenditure of the year of $8.4 billion.

The projected deficit for 2019-20 is $1.1 billion, halving to $540 million by 2022-23.

A projected return to surplus is so far off, it is not shown in the Budget's forward estimates.

The forward estimates show the NT's debt will rise to $8 billion by 2022-23, although the introduction of a new Australian accounting standard means that figure is $871 million higher than it otherwise would have been.

The NT's annual interest repayments on loans in 2019-20 will be $371 million, which equates to $1,479 for every Territorian each year.

Those figures mean that for the first time, the NT's daily interest bill will soon exceed $1 million per day, a figure that is projected to rise over the next four years.

An independent audit released last month found the NT's financial crisis caused in part by unchecked spending over successive governments and little accountability over how taxpayers' dollars were spent.

About 80 per cent of the NT's annual budget is funded by the Federal Government through various Commonwealth funding, grants, and a share of the GST.

The NT Government said there will be a modest return to surplus some time towards the end of the next decade, but Treasurer Nicole Manison said the Budget shows improvement in economic forecasts."

 

Labor's biggest problem these days is not having the ability to manage money. Each Labor government has left a larger amount of debt for the incoming Coalition to pay off and they do do this and get us back in the black but then we vote Labor back in and off it goes again. 

It must be factions that hold Labor back these days as once were smarter than today but someone said its due to being infiltrated by the Greens who dont hold sensible views on anything. 

Now it seems to be disintergrating under pressure from Greens policies which are just not Labor historically as formed for the worker, the battler and lastly the pensioners and never attacked any of these like lately, and new  proposal re franked dividends.

Which I can tell you surprised me because no one person did I hear in the many discussions - or Labor person either, say fact is Paul Keating, Labor actually introduced franked dividends.

Because as he said these people own shares in companies who pay tax on the companies profit and then dividends on what is left,  to the shareholders.

Double taxation it was then and he rectified it,  that was old Labor as it set out to represent those workers and their famiies and some bought shares to provide for own retirement. Not all management bods.

agree with all you said Berry!

Queenslanders still remember the last time the LNP got their hands on the Treasury, talk about children in a sweet shop, they didn't even try to hide their sense of entitlement and disregard for fair and honest government.  

The only time you hear Deb Frecklington speak is to have a whinge, I swear if it was raining $20.00 notes she would be whinging that they weren't $50's.  Queenslanders won't be too quick to repaet the mistakes of the past.  Campbell Newman left a sour taste in Queenslanders mouths well after he fled the state.  His in- laws did well out of his Premiership though and the building of his palace still went ahead though.

 

LOL, couldn't agree more about Deb Frecklington exPS, thanks for the giggle. 

But I wouldn't be too sure about not repeating the mistakes of the past.  We had plenty of warning about Campbell Newman (and his in-laws) while he was Lord Mayor of Brisbane but we still went ahead and elected him - well some of us, (enough of us), did anyway, more's the pity. They're still trying to clean up the mess, and that could be the ALP's downfall.  Deb Frecklington is pretty good at telling us how messed up everything is, like the trains for instance, without a mention of who set the whole fiasco in motion (or lack of it) in the first place. 

Some will say that they have had plenty of time to fix the problems they inherited, others no doubt will have forgotten who caused the problems in the first place.  It's a win-win for the LNP.

Contrary to some of the opinions expressed here which are probably aimed more at comparing Deb Frecklington with the sort of politician the public have become used to in recent years, Deb Frecklington seems to me to be a thoroughly decent, unassuming person with a record of accomplishment before she entered politics and became Qld opposition leader.

I would like to see more like her on both sides of politics.   I would also like to see the media returning to the informative factual reporting and sober analysis that used to be a feature of the broadsheets years ago.

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