Today we have seen an embarrassing budget handed down that provides no relief for families across the state.
It’s a budget that sees an explosion of debt, up to $85 billion in three years time, which will see interest repayments of $100 million a week. That’s $595,000 an hour, each and every hour!
This money is coming from our pockets and driving up the cost of living.
According to their 2008/2009 annual report, Forestry Plantations Qld had net assets of $1.14b (not including State-owned land).On the 18 May 2010, the Qld Government signed the deal to sell these assets to a US-based multinational company for $603m, including 35,000 ha of freehold land and a 99 year lease on Qld's State forests. The standing biological assets (plantation trees) were valued at $1.17b alone (there was about $222m of outstanding liabilities).
- $75 million to support investment in solar power energy generation
- $60 million to the end of next year for ClimateSmart Home Services – reducing household bills and carbon emissions
- $28.6 million allocated for the newly declared estate on North Stradbroke Island
- A $32.9 million solar package and initiatives to stimulate geothermal energy growth as part of Queensland's clean energy future
Following Queensland's summer of natural disasters, $6.8 billion in State and federal disaster funding will be provided in 2011-12, including $2.9 billion on roads, $2.75 billion for local governments and $656 million for small business, non-profit organisations and primary producers.
For more information, read Rebuilding Queensland after the natural disasters of the summer of 2010-11 and view the Premier's media release.
I was surprised how little Qld gets from royalties (in the scheme of things) & wonder how much of that is spent on economic services to the mining industry. I need to do more research.