BRISBANE, Queensland, Sept. 11 -- The Queensland Department of the Premier and Cabinet issued text of the following statement:
Treasurer, Minister for Energy and Minister for Home Ownership
The Honourable David Janetzki
From the moment the Crisafulli Government was elected, I warned Queensland had inherited an inevitable credit rating downgrade after a decade of Labor's fiscal vandalism.
Today's decision by S&P Global Ratings and their rationale confirms what we've been warning is true.
The path to this downgrade was laid by Labor and Cameron Dick and it was set in stone by Jim Chalmers.
S&P's rationale confirms it.
Queensland's budget performance score was cut in September 2024 following Labor's final Budget, before the State was pl...