Queensland’s economy teeters on edge of ratings downgrade despite coal royalty windfall

AI Summary

Royalties set to increase to $6.9 billion over financial year, up from $4.79bn, as budget deficit to reach $6.17bn Queensland’s treasurer says he’s “not giving up” on halting a ratings downgrade for the state’s finances, after handing down a budget full of red ink, and predictions state borrowing will top $200bn in three years. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

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