I acknowledge the decision of Moody’s Ratings today to recognise the strength of the Queensland economy and hold Queensland Treasury Corporation’s Aa1 backed senior unsecured rating, stable outlook and aa3 baseline credit assessment.
After a decade of fiscal vandalism from the former Labor government, and recent taxation changes and cost-shifting out of Canberra, we remain focused on delivering the services and infrastructure that Queenslanders need.
Our focus is on returning the Budget to surplus and delivering the infrastructure projects and services Queenslanders need.
We have already delivered budget improvements in the past two years with improving deficits and a forecast surplus in 2029-30, lower debt and no new or increased taxes.
We will continue to invest in front-line jobs and services, support Queenslanders doing it tough in a national affordability crisis and build roads, rail, hospitals, schools and housing to support a growing population as we move towards the 2032 Games and beyond.
When we first came to office, we warned a downgrade was inevitable and this would have been a downgrade under Labor.
