News

QLD on track to regain top credit rating

RATINGS agency S&P Global has reaffirmed Queensland's AA+ credit rating with a report pointing to strong financial management and budgetary performance across the state. 

The State Labor Government has been quick to seize on the report with Treasurer Curtis Pitt saying it was evidence his party was doing a better job than the LNP. 

"It shows yet again that under the Palaszczuk Government our state economy has turned the corner after the LNP's disastrous performance," Mr Pitt said. 

"However, we still recognise not all sectors or regions are making the transition to a post-mining boom economy as well as others and we will continue with our financially responsible efforts to stimulate growth and jobs across our state. 

"The report shows this government is rebuilding our economy and confidence in its future after the damage done by Tim Nicholls as Treasurer in the Newman Government. 

"But no doubt the LNP will find something negative to say about it as part of their scare campaign to sell their secret asset sales plan." 

Queensland lost its AAA - top grade - credit rating under the Bligh Labor Government in 2009 and LNP Shadow Treasurer Scott Emerson told the ABC the positive rating was simply smoke and mirrors. 

"Labor has raided some hollow logs, but it is only short-term action," Mr Emerson said.

"Queenslanders expect this Government to be making things better rather than celebrating the fact that it hasn't got worse."

Topics:  credit rating editors picks queensland


Stay Connected

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

One scary man ladies don't want to date

HE'S made women fall in love with him, then he reveals his dark side

Biloela CBD drainage upgrade in the works

An artist impression of the shade structure that will replace the trees along Kariboe St.

Upgrade to alleviate Biloela CBD storm water flooding

65 years of marriage

Irene and George Burrow with photos from their wedding day 65 years ago.

The couple never thought they would get that far

Local Partners

Music festival heading for Biloela

Festival to ramp up the local entertainment scene

Model Bella Hadid's see-through dress shocks in Cannes

US model Bella Hadid attends the Cinema Against AIDS amfAR gala 2017 held at the Hotel du Cap, Eden Roc in Cap d'Antibes, France, 25 May 2017.

It’s like she’s become addicted to shock value.

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

Long way for goat show

HOBBY: Torino Brodie travelled from Charters Towers to show goats at the Callide Valley Show.

Plenty of goats on show

Lyn's knock-out show gets her to next round on The Voice

ONWARDS AND UPWARDS: Lyn Bowtell is through to the battle rounds on The Voice.

'It was bitter sweet to win like that'

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Lost dough leaves sour taste after company collapse

Kathleen and John Mahoney from Sugar and Spice Bakery were stung after the collapse of Cantro Pty Ltd and are still owed money.

Supermarket operator collapse leaves sour taste for bakery

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

Ready to SELL your property?

Post Your Ad Here!