RAJ REPORT

The Queensland State DEBT will be $100 BILLION in TWO years-, —-Lucky the Federal Government will BAIL OUT QUEENSLAND——–Treasurer Curtis Pitt reveals royalties from the mining sector will take $3 billion hit in Budget | The Courier-Mail

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TREASURER Curtis Pitt has revealed royalties from the mining sector will take a $3 billion hit in next month’s budget.

Mr Pitt today told a Property Council lunch in Brisbane that prices and volume of mining export had declined.

The Treasurer said the cost to the State would be almost $3 billion across the forward estimates.

However, Mr Pitt said “all was not lost” and the Government would bring down a reform budget reminiscent of the Hawke/Keating era.

 

 

Treasurer Curtis Pitt reveals royalties from the mining sector will take $3 billion hit in Budget | The Courier-Mail.

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