Queensland's AAA+ credit rating is threatened due to cost overruns and increased spending.

Queensland's 15-year AA+ credit rating is at risk of a downgrade due to cost overruns and increased spending, according to S&P Global Ratings. The state faces additional budget pressure from declining coal revenue and inherited project cost overruns. Treasurer David Janetzki aims to stabilize finances and maintain the credit rating, but debt is projected to reach $172 billion by 2027-28.

4 months ago
23 Articles