Queensland Election: Labor will pay off debt, keep assets

THE Labor Party has proposed to pay down government debt using the revenue from public assets - some of which they have proposed to merge.

Speaking in Brisbane this morning shadow treasurer Curtis Pitt said the LNP asset privatisation plans would leave a "$2 billion a year fiscal black hole" in Queensland's budget.

Mr Pitt has rejected the LNP debt levels - which include the debt of government owned corporations.

Mr Pitt said no other state included this debt in "real government debt" and the LNP included it to make government debt look worse.

Mr Pitt said a Labor government would see a surplus delivered next year, and will pay down $5.4 billion in general government debt over the next six years.

While Labor will not sell assets it has proposed to merge Energex, Powerlink and Ergon as well as power generators CS Energy and Stanwell. However, Mr Pitt said there will be no forced redundancies.

Mr Pitt said Labor would not be releasing its full policy costings until it had revealed all its policies.

- APN NEWSDESK

Shadow treasury spokesman Curtis Pitt with shadow emergency services spokesman and Rockhampton MP Bill Byrne.
Shadow treasury spokesman Curtis Pitt with shadow emergency services spokesman and Rockhampton MP Bill Byrne. Chris Ison

 



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