Queensland budgets for perfection

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By Leith van Onselen

The Queensland Government released its State Budget yesterday afternoon, which forecast the biggest budget surplus in nine years and a plan to reduce debt, all based on optimistic assumptions around growth.

The budget forecasts a $962 million operating surplus in 2014-15, rising to $1.2 billion in 2015-16 and then $2 billion a year over the forward estimates.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.