Covid is expected to add $800 billion to Australia's national debt.
Given that Qld is about 20% of the Aus economy, logically that would
aportion $160 Billion to Qld.
https://www.canberratimes.com.au/story/6889314/states-asked-for-40-billion-investment-as-net-debt-set-to-hit-800-billion/When "Cando" left office Qld had about $60 billion Qld debt which proposed to
retire $45 billion of that by selling out Qld power generating assets to foreigners.
The electorate rejected that together with "Can Do" and the state was stuck with increased debt due to Cando's
inner Brisbane tunnells etc.
The Qld Government earns about a $billion/year by pumping in electricity into the National grid which is
about 2.5% additional return on its electricity assets.
This is different to NSW that flogged some of its electricity generating assets to the Chinese.
The bottom line here is that one has to fairly factor-in assets into the net debt and Qld unlike NSW
has not privatised as much of its SOEs wich accounts for its gross debt being slightly bigger/pet capita.
Its election time and posters ought to be honest with their posts rather than present half cooked stats
to dishonestly gain political advantage!
Cheers
MM
