It’s alarming that Queensland’s debt bill is expected to hit more than $83 billion in three years, despite record royalties.
Astonishingly, employee expenses have blown out by almost $1billion since the Budget just five months ago. New figures show that employee expenses are estimated to come in at $23.987 billion this financial year, up from the $23.807 billion estimated in the June Budget, an increase of $180 million. That’s almost $1 billion more over the next four financial years than initially estimated.
We need a strong, efficient public sector that serves our community’s needs. Unfortunately, the rate of growth in the high-paid bureaucracy – not front-line services – is out of touch with what our State needs to fire the economy up and create the real jobs in small businesses, who are the biggest employers. As a result, Queensland has the highest unemployment rate in the nation, and 165,000 Queenslanders will be out of work this Christmas. This is why good economic management matters and Queensland doesn’t have it at the moment. You can’t tax your way to growth and sustainable jobs. To view the LNP’s economic plan go to https://www.deb2020.com.au/our-plan/.