At least $2.5 billion will be wiped from Queensland’s share of GST revenue across the 2019-20 and 2020-21 financial years, Treasurer Cameron Dick has revealed.
- Federal Treasury released its GST update on Thursday
- Cameron Dick says with that revenue fall, Queensland debt will be $59.5 billion by June 2021
- The state’s budget deficit will grow to $8.4 billion in that time
Mr Dick said Federal Treasury’s update on Thursday was the first opportunity to…