Economist Says Queensland’s Decision to Run $3 Billion Deficit Purely ‘Political’

Total state government debt is set to reach $188 billion by 2027-28.

Queensland Treasurer Cameron Dick says the budget is likely to be in deficit when it's handed down next month. Jono Searle/Getty Images

Queensland’s 2024-25 budget is expected to be released with a $3 billion (US$1.9 billion) deficit on June 11, and additional forecasts predicting a $1 billion shortfall the following year.

Treasurer Cameron Dick said the deficit was necessary to prevent families from suffering during the cost of living crisis.