qld lnp losing its gloss, page-7

"funny how you have to pay interest on actual debt and not the net debt."


Yes you pay interest on gross debt. You also earn interest on gross investments.

Currently the difference between the 2 is approx 5bn on which the govt would pay say 4% interest.

That's about 200mill net interest for the govt sector. Not that bad considering all the floods, yasi, GFC etc etc etc.



"Many people up here are glad to see the back of the Labor party who under Peter Beatty started a slide into debt"


Net worth of QLD govt gone from about 50 odd billion under Beattie to about 170 billion.

Be very carful what you wish for.