Why is debt off the table
DEBT and its quantum were key election talking points at the 2012 and 2015 state elections but have been completely off the table to date ahead of the November 25 poll.
The Sunshine Coast Business Council through its chair Sandy Zubrinich wants to know what both of the major parties intend to address debt expected to spiral to $81 billion by the 2020-21 financial year.
The council’s concerns are not to be lightly dismissed. Examples are everywhere globally of the disaster that awaits nations, states and even municipalities who fail to adequately manage their finances to rein in debt.
Ms Zubrinich points out that while state debt growth has slowed according to Treasury figures released in June, it was still growing.
The election campaign to date has been more about spending promises rather than fiscal management with little indication of where the money was being sourced.
It is to be hoped that in the remaining days of this campaign that both major parties lay their costings on the table and explain how we they will be funded.
Queensland remains on track for continued growth, especially in the south east corner despite an infrastructure lag that now runs to many billions of dollars.
As the free ride afforded by the mining sector continues to wind back and as debt mounts, voters have a right to expect clear explanation from all political parties about how Queensland would be able to afford the futures they are now promising the electorate.