Column: Politics - JON KRAUSE

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Politics

18-02-2021

Parliament is back next week – after the Government gave itself a very long holiday from Parliament in early December 2020.
That week in December saw a budget delivered – a budget of broken promises which revealed $28 billion more in extra borrowings than that promised by the Government in the election campaign. We all pay for this (over $5 million per day in interest apparently) through our licence fees, rego, stamp duty on homes and insurance, and various other State taxes. Queensland’s debt will reach $130 billion over the four-year budget period – all while the economy is stagnating, with the highest unemployment rate in the nation and lowest business confidence.
Australian households are taking steps to reduce their debt right now. At at the beginning of a brand-new four-year term, my view is the Queensland Government should be setting out a disciplined, clear approach to reducing its spend over the next four years. We are in a situation of unprecedented Queensland Government debt, coupled with govern

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