Might be.Qld Gov has cut a lot of spending too in the form of canceled projects where the federal government would not match the funding requirements. The campaign to remove/reduce the super mining tax is lobbed squarely at QLD voters. Maybe the plan is to reverse the tax before the election. 30% federal tax + 40% QLD gov revenue tax is a bit of a touch IMO. Can't last forever and I remember seeing somewhere it was just for a few years to pay for the Olympics.
There was a $10b fall in coal royalty revenue announced in the 23-24 budget which they attribute to lower prices in the preceeding 10 months. Looking at the graph below, I can't see how they attribute the decline purely on price for the preceeding 12 months.
There seems to be more to this story or Most likely CR.
Might be.Qld Gov has cut a lot of spending too in the form of...
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