News

QLD govt forced to defend audit

Professor Quiggin said the assumptions used in the audit were based on a repeat of the global financial crisis, and of the devastating floods which hit the state in January 2011.
Professor Quiggin said the assumptions used in the audit were based on a repeat of the global financial crisis, and of the devastating floods which hit the state in January 2011.

TWO scathing academic reports have forced the Queensland government to defend a financial audit it has used to justify massive public sector cuts.

The commission of audit into Queensland's finances, chaired by former federal treasurer Peter Costello, found the state would have debts of $92 billion within four years.

Premier Campbell Newman has used the audit to claim the state has thousands more public servants than it can afford.

But University of Queensland economist Professor John Quiggin said the audit was ''a routine political manoeuvre undertaken by incoming governments seeking to abandon electoral commitments.''

>> Read Professor Quiggin's report

Professor Quiggin said the assumptions used in the audit were based on a repeat of the global financial crisis, and of the devastating floods which hit the state in January 2011.

Read more at Brisbanetimes.com.au
 

Topics:  lnp, peter costello, state government


Local Real Estate

finda logo
Featured Real Estate
Cleveland 4163  "FREE" Delivery Within 300kms 9x3m $24,900 10x3 $27,500. Bathroom, bedroom, lounge, kitchen, ...
0 Back Creek Road... $475,000
House 4 2 4
Lot 61 Cunningham... $225,000
Residential Land 0 0
lot 901 Weinholt... $165,000
Residential Land 0 0

Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.