Qld on the Path to Recovery

News Mail Bundaberg Qld., September 8, 2012 | Go to article overview

Qld on the Path to Recovery


Tim Nicholls,

State Treasurer

THE 2012-13 State Budget will deliver a brighter future for all Queenslanders.

There is much to be proud of here in Queensland. Our people and our economy are extremely resilient.

But we also need to make sure the state's financial position is strong.

We used to have a low and stable level of debt.

Now, after two decades of tired Labor governments, debt has already reached $65 billion and would have got to $100 billion had we not acted.

That debt has forced our AAA credit rating to be downgraded, which means we are now paying about $100 million more in interest than the other major Australian states.

The tough decisions we are making to cut waste and find efficiencies across government will set Queensland's finances on a path to recovery.

Instead of wasting money on an ever-increasing interest bill, we'll have more money to spend on delivering the quality front-line services Queensland needs.

The results of our strong economic management will be clearly set out when the budget is released on September 11.

The budget includes funding for initiatives that will benefit regional Queensland and it also delivers on the election commitments all Queenslanders overwhelmingly supported.

Agriculture has long been regarded as the lifeblood of regional Queensland. Under an LNP government, its future is secure.

We have dismantled several of Labor's super-departments to create a stand-alone Department of Agriculture.

We are identifying strategic cropping land across the state and appointing 15 new biosecurity officers to protect our farms and fisheries. …

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