Text size Follow us on Twitter Find us on Facebook

The black holes in LNP and Labor plans to fix Qld's debt

Mark McGovern discusses the economic policies of the LNP and the ALP in The Conversation (23.1.15).  He finds 'black holes' in both plans, but is particularly critical of the LNP's proposal to 'lease' public assets:

'Under the LNP plan, the cash hits now (within five years). With 99-year “leases”, assets apparently provide over 90 years of no returns to Queenslanders, exacerbating both future budget and income issues.

That means more than 90 years of not receiving the current (and likely rising) A$1.7 billion annual income from government-owned corporations, and interest cross-subsidies. Naively, that’s more than A$150 billion gone in the long-term for perhaps a historically high A$37 billion today.'

 

Previous : Next

 

© 2020 The T J Ryan Foundation


TJ RYAN FOUNDATION LIMITED ACN: 165152625 ABN: 78 165 152 625 info@tjryanfoundation.org.au
Registered office: SOUTH BRISBANE QLD 4101 Regulator: Australian Securities & Investments Commission