Tag: government debt
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Tackling SA’s giant debt in five easy steps
Please, don’t lose any sleep over your debt – it’ll never have to be paid off. The words “your debt” don’t refer to the money your family owes the bank for a crippling mortgage, snowballing credit card accounts and the loan you’re still paying off on the 2004 Mitsubishi Verada with the 3.5 litre V6…
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How a measly $2 sparked a “whatever it takes” war between big coal and Labor
If the Government’s claim is correct, a lot is being put at stake for $2. What’s likely to occur is a two-year brawl, funded by a reported $40 million from the resources industry and in what Queensland Resources Council boss Ian Macfarlane told The Australian would be a “whatever it takes” campaign. It will be…
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Cost of government debt to rise
The cost of servicing debt has been flagged as one of five key areas of spending ahead of the October 25 budget alongside aged care, disability care, hospitals and defence. Due to speak at an investment event hosted by the Queensland government on Friday, Treasurer Jim Chalmers will reveal how much more these spending areas are…
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Maryborough clean-up begins as Suncorp calls for big tax overhaul
Suncorp is now dealing with the flooding impacts in Maryborough and it has previously estimated that natural hazard payouts for the financial year were likely to top $1 billion. Chief executive Steve Johnston has also called for an overhaul of Australia’s tax system to improve affordability of insurance, particularly in high-risk areas. He said the…
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Another state bank? Business fears about Labor’s recovery plan
There were claims the Government looked like it was setting up a state bank and another business group said it was making a major strategic error. Queensland Economic Advocacy Solutions economist Nick Behrens said the latest financial update from the Queensland Government showed the state’s general government gross borrowings would be $16.6 billion higher and…