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



How you could easily save $1000 a year on coffee

The amount of money you spend on coffee each year could be enough to blow the milk out of your tea!

NO ONE wants to forego their daily barista-made coffee...

Love of Warwick pair lasts the distance

MILESTONE: Joy and John Telfer celebrate 60th anniversary.

Warwick pair marks 60th anniversary after rushed start to marriage

Local produce a priority for new Warwick family business

NEW NEIGHBOURS: Rose City Fruits owners Lauren and Justin van Twest, with one-month-old son Cooper, eagerly awaiting renovations as they get set to open up shop next door to Rose City Premium Meats in the shopping centre.

A new family business is primed to open

Local Partners