The 2015 Queensland Budget essentially ignores the real issues in Queensland, or tries to make them vanish through creative accounting.
The budget documents themselves reach a new high in marketing excellence with the "Budget Highlights" document chock-full of infographics, adding to the impression that this is not a fair dinkum economic document.
The basics of the budget are:
If Queensland experiences the same growth the rest of the country expects, then expenditure will outstrip income by around 2% and a failure to invest in infrastructure will actually hold state productivity back.
At the same time, off-balance sheet liabilities are being piled-up, leaving the next generation, the one that supports Labor most heavily, with the invoice.
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