Queensland expects $1 billion tax boost but faces rising debt risks
Queensland anticipates over $1 billion in additional tax revenue from rising coal and house prices in the upcoming budget. However, Treasurer David Janetzki warned that high expenses may prevent a projected surplus and increase the state's debt to nearly $205 billion by mid-2029. Analysts predict ongoing financial volatility as the government manages infrastructure costs amid declining property values.
Summary by OZbrief Editorial · SMH · Source
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Published 21 Jun 2026, 19:00 UTC · Updated 21 Jun 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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