The real result from the Queensland election is that drovers’ dogs will occupy the Treasury benches for the foreseeable future. There was no government in waiting, just a bunch of kids waiting their turn.
Labor’s had three years in opposition but it has failed to learn the right lessons. One is that there is nothing wrong with a good privatisation.
We have completed a critique of the Opposition’s Fiscal Strategy. You can download it by clicking here.
Queensland always had a reputation for being a fiscally conservative state. In 2003-04, Queensland’s general government debt was only $2.7 billion and the debt held by the government owned corporations was just above $10 billion.