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.

OPINION: We really are a nation of welfare bludgers

Centrelink

Eight out of 10 cents from taxpayer going to fund welfare

Man repeatedly struck with baseball bat during robbery

Police are investigating a violent robbery at a Loganlea store.

One of the men put the man in a headlock

Man killed after van bursts into flames in crash

Two cars were involved in the crash

Local Partners

Buderim dad rejects gay son's emotional plea for second time

Bride and Prejudice: Son’s emotional plea rejected again by unmoved father

What's on the big screen this week

Ewan McGregor and Jonny Lee Miller in a scene from the movie T2: Trainspotting.

This week's new releases offer plenty of variety for movie buffs.

REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Hodges proud to be part of first channel dedicated to NRL

Justin Hodges is gearing up for his new gig on Fox League.

Footy star hopes to provide a voice for players on new NRL channel

Furious Price wants to quit I'm a Celeb after clash with Keira

Steve Price has threatened to quit the jungle.

Will camp ration clash with Keira cause Steve to call it quits?

Novel with lots of heart

The romance in A Quiet Kind of Thunder was only one of the joys of the book.

Book proves to be a gem with layers

Bliss N Eso announce tribute show for stuntman

Bliss N Eso will play a tribute show at Coolangatta in honour of Johann Ofner. The stuntman died during the filming of the group's Friend Like You film clip earlier this year.

BLISS N Eso to play tribute show to raise funds for killed stuntman

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Expert: Why renters, home buyers may struggle

Matusik Property Insights director Michael Matusik.

What's next for the city's housing market

Ready to SELL your property?

Post Your Ad Here!