{"id":59337,"date":"2014-03-06T16:34:41","date_gmt":"2014-03-06T06:34:41","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=59337"},"modified":"2020-09-02T18:31:46","modified_gmt":"2020-09-02T08:31:46","slug":"how-would-you-raise-80b","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2014\/03\/06\/how-would-you-raise-80b\/","title":{"rendered":"How Would You Raise $80b?"},"content":{"rendered":"

\"Tim<\/a>
State Treasurer Tim Nicholls <\/figcaption><\/figure>March 6, 2014<\/strong><\/p>\n

Queenslanders are being asked for their ideas on how to reduce the State’s $80 billion debt.<\/p>\n

\u201cQueensland is a great place to live and work, but the outlook for our strong economic future is being overshadowed by an $80 billion black cloud of debt which must be paid down if we are to realise our potential,\u201d Treasurer Tim Nicholls said.<\/p>\n

\u201cIn the coming weeks and months the Queensland Government will be undertaking an unprecedented level of community consultation about the choices we face.<\/p>\n

\u201cQueenslanders will be asked to tell us their priorities for reducing the debt and deficits we inherited from the previous Labor Government, together with their priorities for the future.<\/p>\n

\u201cOur conversation with Queenslanders will be broad and multi-faceted, encompassing face-to-face meetings, submissions, and an information and consultation campaign, as the Government seeks feedback and goes about framing the next State Budget.\u201d<\/p>\n

Mr Nicholls said Queensland could only prosper and be ready and resilient during future economic shocks if the Government acted now to support the State, its people and businesses.<\/p>\n

\u201cOur four pillar economy is on the cusp of strong growth but this will only occur if we continue to take disciplined steps to cut red tape, and invest in our roads and rail as well as hospitals and schools,\u201d he said<\/p>\n

\u201cOur $80 billion debt legacy, the State\u2019s mortgage, is the highest in Australia.<\/p>\n

\u201cEvery year we pay $4 billion in interest alone to banks and overseas interests, and this comes at a real cost for all Queenslanders. <\/p>\n

“That interest could pay for the things we really need like 20 new primary schools, 1000 new hospital-beds or making the Bruce Highway dual carriageway between Brisbane and Rockhampton.<\/p>\n

\u201cQueensland cannot go on like this. We need to reduce our debt and deficit or we won\u2019t be able to invest in essential services and infrastructure for the future.<\/p>\n

\u201cThe government has sought the best independent advice from the Commission of Audit, external stakeholders and Treasury economists to inform our conversation with Queenslanders.<\/p>\n

\u201cThe choices are clear, we can massively increase fees, taxes and charges like car registration or stamp duty on the family home, we can reduce much-needed services or we can investigate the lease or sale of some government businesses.<\/p>\n

\u201cAll of us will need to make the choice about what we ultimately want for Queensland and what the priorities for investing in our future should be, as we address Labor\u2019s debt and deficit legacy in a disciplined and methodical way.\u201d<\/p>\n

Mr Nicholls said from next week he would be travelling to talk to Queenslanders across the State beginning in Cairns and encompassing Townsville, Gladstone, Bundaberg, Emerald, Longreach, Toowoomba, the Gold and Sunshine Coasts and Brisbane, before continuing to as many other communities as possible.<\/p>\n

\u201cWe will be engaging Queenslanders from all cities and regions, discussing and listening to what they have to say and I invite everyone to make sure they form part of the conversation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Queenslanders are being asked for their ideas on how to reduce the State’s $80 billion debt.<\/p>\n","protected":false},"author":20,"featured_media":20947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,3],"tags":[32,34],"yoast_head":"\nHow Would You Raise $80b? - southburnett.com.au<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2014\/03\/06\/how-would-you-raise-80b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Would You Raise $80b? - southburnett.com.au\" \/>\n<meta property=\"og:description\" content=\"Queenslanders are being asked for their ideas on how to reduce the State's $80 billion debt.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/southburnett.com.au\/news2\/2014\/03\/06\/how-would-you-raise-80b\/\" \/>\n<meta property=\"og:site_name\" content=\"southburnett.com.au\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-06T06:34:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-02T08:31:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2013\/01\/tim_nicholls_featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anne Miller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anne Miller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/2014\/03\/06\/how-would-you-raise-80b\/\",\"url\":\"https:\/\/southburnett.com.au\/news2\/2014\/03\/06\/how-would-you-raise-80b\/\",\"name\":\"How Would You Raise $80b? 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