Brisbane Times
·general
·4 hours ago
States warned on spending binge as they all collected record tax takes
Australia's states and territories have been warned of potential credit downgrades due to unsustainable spending despite record tax revenues. Queensland's tax revenue surged by 20.7 percent, while NSW's increased by 19.5 percent. Analysts caution that ongoing inflation and economic challenges pose risks to financial stability.
Summary by Glance · Brisbane Times
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