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'It's not fair': Queensland takes $2.4 Billion hit in new GST split
The Commonwealth Grants Commission has released their latest proposal for how GST will be split amongst the states.
Debt-laden Victoria has done really well out of the proposal increasing their cut to $26.15 billion while Queensland is set to lose $2.4 billion, shrinking the Sunshine State's cut to $16.6 billion.
Queensland's downgraded credit rating, the recovery from Cyclone Alfred, and Brisbane hosting the Olympics have placed significant pressure on Queensland's economy.
Queensland Treasurer David Janetzki told Sofie Formica on 4BC Breakfast, "Queensland will drop $2.4 billion next year, but in the same breath, Victoria is going to stand to gain $4 billion next year and even New South Wales gets $1.3 billion."
See omnystudio.com/listener for privacy information.
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By 4BCThe Commonwealth Grants Commission has released their latest proposal for how GST will be split amongst the states.
Debt-laden Victoria has done really well out of the proposal increasing their cut to $26.15 billion while Queensland is set to lose $2.4 billion, shrinking the Sunshine State's cut to $16.6 billion.
Queensland's downgraded credit rating, the recovery from Cyclone Alfred, and Brisbane hosting the Olympics have placed significant pressure on Queensland's economy.
Queensland Treasurer David Janetzki told Sofie Formica on 4BC Breakfast, "Queensland will drop $2.4 billion next year, but in the same breath, Victoria is going to stand to gain $4 billion next year and even New South Wales gets $1.3 billion."
See omnystudio.com/listener for privacy information.