Qld state budget cops massive hit from coronavirus

There are fears the Queensland budget is in major trouble, with the government scrambling to fix the gaping hole left by coronavirus.

We’re the only state in the country to delay the budget, which was due to be released today, amid predictions it might have copped a $4 billion hit from the coronavirus crisis.

Treasurer Jackie Trad has told Newscorp it’s still too early to estimate the full extent of the deficit.


ARTICLE CONTINUES AFTER THIS ADVERTISEMENT


As Queensland, and the nation, head for a 10 percent unemployment rate, treasury officials are now looking for ways to fill the massive hole in the budget before it’s finally released later in the year.

The LNP has hit out saying it’s completely unacceptable and shows the Labor government isn’t in control at all.

“Labor has no budget and no plan,” said Shadow Treasurer Tim Mander.

“Queensland will be the only state in the nation not to deliver a budget this year.

“Today was the scheduled day for Jackie Trad to deliver the budget, Annastacia Palaszczuk and Jackie Trad are desperate to avoid scrutiny of the state’s finances before the election.

“Failing to deliver a budget before the election shows the only jobs Annastacia Palaszczuk and Jackie Trad care about are their own.

“Ripping up financial conventions to advantage themselves at the election is an arrogant abuse of power by Jackie Trad and Annastacia Palaszczuk.

“No budget means there will be no estimates committee hearings in Parliament – another sign that the failing Palaszczuk Labor Government is hiding from scrutiny.

“Labor are turning this health crisis into an economic crisis,” Mr Mander said.

Queenslanders are being told that the budget will be delivered before the state election in October.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments