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Home General News Debt and deficits to grow as Queensland's 2020 budget is announced

Debt and deficits to grow as Queensland’s 2020 budget is announced

After a year like no other, the Queensland 2020-21 Budget has been handed down.
Treasurer Cameron Dick revealed the state’s finances had been significantly impacted by COVID-19, with debt set to increase to $102 billion and the budget deficit to swell to $8.63 billion.

The document also predicts four more years of deficits before a surplus is reached, and a total debt of more than $130 billion by 2023-24.

Mr Dick defended the figures, saying the government will borrow less than Victoria ($192…

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