Treasury proves state’s not broke

THE Newman government has been spruiking the strength of Queensland's economy to overseas investors while telling residents the state's a basket case, the opposition says.

Labor treasury spokesman Curtis Pitt says a Queensland Treasury Corporation booklet aimed at potential overseas investors says Queensland is in a strong economic position.

>> Download a copy of the Treasury's booklet here.

''Nowhere is there mention of a high dive into the abyss, or debt crisis, or any similar claims that [Treasurer Tim Nicholls] and the premier have been making at home,'' Mr Pitt said in a statement yesterday.

''If it is good enough to tell investors the truth, it is good enough for the premier and the treasurer to tell Queenslanders the truth and to stop talking down our state economy.''

The Liberal National Party publication cites ratings agency Standard & Poor's as saying Queensland has a far lower level of general government debt relative to operating revenue compared with its international peers, Mr Pitt says.

S&P is also cited as saying the amount of money spent by Queensland on interest payments, as a percentage of revenue, is also comparatively low.

Read more at Brisbanetimes.com.au

A graph compiled by the QLD Treasury shows that we're one of the lowest taxing states in Australia.

A graph compiled by the QLD Treasury shows that we're one of the lowest taxing states in Australia.



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