Queensland beats New South Wales in post pandemic recovery to deliver lowest debt on east coast

first_imgQueensland beats New South Wales in post pandemic recovery to deliver lowest debt on east coast Treasurer and Minister for Investment The Honourable Cameron DickThe Palaszczuk governments sixth budget will mean Queensland will start to exit the pandemic and its consequences with the lowest debt on the east coast.Treasurer and Minister for Investment Cameron Dick said the Budget shows that Queensland will beat New South Wales and Victoria on all key metrics of debt such as net debt, gross general government debt, general government debt to revenue, total debt (including debt held by government corporations), and total debt to revenue.“Queensland’s strong health and borders response has ensured Queensland’s economy has outperformed the other major states, and therefore Queensland’s debt will be lower as we start to exit the pandemic and its consequences”“The COVID-19 crisis has vindicated the Palaszczuk Government’s fiscal strategy, because keeping our incoming-generating assets has kept dividends in public coffers, putting downward pressure on debt”Key debt metrics as at 2023-2024 include:Net Debt: Victoria $87 billion, NSW $93 billion, Queensland $68 billionNet Debt to revenue: Victoria 190%, NSW 112%, Queensland 77%Total debt (including Government corporation debt), Victoria $192 billion, NSW $191 billion, Queensland $130 billionTotal debt to revenue (including Government corporations), Victoria 226%, NSW 195%, Queensland 172%Mr Dick said the Government will continue to drive savings to reduce the need for borrowings and to ensure taxpayer dollars are focused where they are most needed.“We are currently 42 per cent of the way through the financial year, but we have achieved 47 per cent or $352.2 million of our savings target for 2020-21 ($750 million) through a range of measures including savings through reductions on agency expenditure such as travel, contractors and consultants,” said Mr Dick.“Savings will continue to be achieved by focusing on core tasks, ensuring government resources are directed to where they are needed most.“Six workstreams have been established to progress measures under the Savings and Debt Plan, with a focus on marketing and government advertising, accommodation efficiencies, data and ICT projects, workforce, structural reform opportunities and agency functional reviews.”The Treasurer said some of the key savings target areas were to maintain department staffing levels within approved caps (excluding frontline requirements); lapsing time-limited programs; and stopping marketing activities other than public and road safety, tourism promotion, investment attraction or Queensland economic recovery initiatives.Mr Dick said there would still be a focus on maintaining the effective frontline services needed to support Queenslanders.“This includes limiting secondments of frontline workers to back-office roles and identifying opportunities for roles to be reallocated to frontline tasks; examining all uses of consultants and contractors; and strengthening oversight of non-frontline recruitment, along with a natural reduction of senior executive service roles,” he said.“There is already a six month freeze on new ICT projects, except those related to critical safety or cybersecurity.“The Savings and Debt Plan also includes a focus on greater utilisation of existing government buildings including encouraging public servants to work closer to home.”Mr Dick said another key factor of the government’s balance sheet management was the creation of the Queensland Future Fund – Debt Retirement Fund (DRF).The Budget factors in over $5 billion of seed funding including the Titles Registry, equities, and a contribution sourced from the long-term assets set aside for the Defined Benefit Superannuation Scheme liabilities.The DRF is expected to be established by 30 June 2021.Visit the Budget webpage to learn more and access an interactive map of Budget initiatives across Queensland. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, covid-19, cybersecurity, Economy, future, Government, Investment, Minister, New South Wales, NSW, Palaszczuk, QLD, Queensland, resources, retirement, superannuation, taxpayer, Victorialast_img read more

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Gordon’s crowd-stirring speech caps illustrious NASCAR Hall of Fame night

first_imgJeff Gordon always did make a connection with the fans. Plenty of people were drawn to his brightly colored No. 24 racer, his Madison Avenue charm and his clear-cut talent for driving a car at speed.Gordon took the time to connect with the fans one more time in his sentimental speech Friday night as he joined the NASCAR Hall of Fame’s multi-faceted Class of 2019. His long list of people to thank included family, car owners and all of his crew chiefs, but he reserved a segment of his time — as he usually did at the race track — for the fans.RELATED: Hall of Fame induction scenes“I thought it was very important, and I love that they invite the fans to this event,” Gordon said after his 10-minute address. “I didn’t hear enough of them throughout the night and I wanted to hear from them. I knew I was going to acknowledge them, but I wanted to interact with them a bit. It was great to hear that reception from them.”The cheers, and Gordon’s heart-tugging reception, put a fitting bow on a night where the 10th class of inductees joined together in a celebration of stock-car racing history and their part in it. Davey Allison and Alan Kulwicki, two drivers whose careers were tragically curtailed in their prime, joined two dominating team owners in Roger Penske and Jack Roush, plus Gordon — a figure whose career transcended racing and turned him into a national household name.For the first time in the NASCAR Hall of Fame’s existence, the group of five all competed against each other, albeit for a brief, overlapping window that spanned the 1992 season finale and the first five events of the ’93 NASCAR season. That cherished season-ender at Atlanta Motor Speedway in ’92 served as connective tissue for several Hall of Fame ties, crowning an unlikely champion in Kulwicki over Allison, bringing Gordon onto NASCAR’s big stage for his debut and bidding farewell to Richard Petty in his final race.The enshrinement of Roush and Penske brought together a wide-ranging array of motorsports figures to fete their team owners. Among those celebrating Roush’s induction and his career as an innovator and master wrench were Greg Biffle, Jeff Burton, Mark Martin and Matt Kenseth — enough driving savvy to reprise a power-packed roster from the organization’s heyday.“I’m trying to remember a night that’s been as emotional as tonight,” Roush said. “… It was a history lesson as well as a chance to renew old friendships.”Penske’s recognition reunited a who’s who of his drivers past and present, with reigning Monster Energy Series champ Joey Logano in a group with reigning Indy 500 champ Will Power. Those current stars mixed with the famous names of Rick Mears, Helio Castroneves and Juan Pablo Montoya, all tied to the legendary owner and businessman primarily known as “The Captain,” but also nicknamed — as his son Greg revealed at his induction — by his grandchildren as “Mr. Fun.”Neither owner plans on quitting anytime soon, both gearing up for the coming season with multi-car efforts in NASCAR’s top series. And neither legend whose lives were cut short in the 1990s will be forgotten. Neither will Gordon, as his enduring bond with the Rainbow Warrior faithful continues.Early on in his NASCAR career, Gordon said he learned lessons from his friendly rival Dale Earnhardt in building those relationships with the fans in the stands. Winning races started to sway the support to his side. His engaging manner sealed the deal.“A fan base like that gets you to experience a little bit of what it’s like to be a rock star,” Gordon said.Gordon’s fans responded Friday night, offering a power-ballad salute befitting one of the sport’s rock virtuosos.RELATED: Rick Hendrick welcomes Gordon to the Hall of Famelast_img read more

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Domestic Life Was Never Quite My Style: Watch Lin-Manuel Miranda Perform ‘Dear Theodosia’ at Home

first_img Like all of us, Lin-Manuel Miranda, the Tony-, Grammy- and Emmy-winning creator of Hamilton, is stuck at home. Last night, Miranda appeared on a special episode of The Tonight Show, with Jimmy Fallon at home, too, and interviewed Miranda over video chat. Miranda talked about the importance of donating to the Actors Fund (be sure to tune in to Broadway.com’s star-studded, one-night-only return of The Rosie O’Donnell Show to benefit the Fund) and Broadway Cares/Equity Fights AIDS, who are usually passing their famous red buckets around Broadway theaters at this time of year. To conclude the interview, Miranda sang a rendition of “Dear Theodosia” from Hamilton on his home-office keyboard (why just one Tony on the shelf, Lin?). Watch Miranda’s heartwarming performance below. Lin-Manuel Miranda View Comments Lin-Manuel Miranda Star Fileslast_img read more

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Match Notes: No. 20 UWF volleyball to face UWA on the road

first_imgPENSACOLA, Fla. – The No. 20-ranked University of West Florida volleyball team will face Gulf South Conference opponent West Alabama on the road on Saturday, October 24, at 2 p.m. CT. West Florida (19-5, 11-1 GSC) will look to improve its conference record in the team’s eighth straight road match on Saturday. UWF is currently riding a 13-match winning streak over UWA dating back to September 24, 2009. West Florida has won the last 20 out of 21 matches with the only loss during that run coming on the road in Livingston, Alabama. West Alabama is ranked seventh in the conference with a 5-7 record in the GSC and is 2-3 in matches at home. THREE ARGOS WITH 1,000 CAREER DIGSThe UWF volleyball team is one of three programs in NCAA Division II that currently boasts three student-athletes that have over 1,000 career digs. Autumn Duyn (1,394), Colleen Starrs (1,102) and Tori Martella (1,039) currently rank second, fourth and sixth, respectively, in career digs at UWF. Martella recently became the seventh player in program history to tally 1,000 career digs for the Argonauts. STCYR NAMED GSC OPOWUWF sophomore Monique StCyr earned her first career weekly conference honor last week after leading the Argonauts to a 2-2 record. StCyr tallied a career-high seven service aces in a 3-0 win over GSC opponent West Georgia and tallied 12 service aces over the past week. In four matches, StCyr dished out 148 assists and also had 16 kills to help UWF to a 2-2 record. The sophomore was also effective on defense for UWF with 42 digs and four blocks. DUYN CLOSING IN ON SECOND IN CAREER KILLSSenior Autumn Duyn currently ranks third in career kills (1,273) at West Florida and needs 19 kills to move into sole possession of second place. Duyn has eight regular-season matches left to reach the career milestone, and will become the only player in program history to be ranked in the top two in career kills and digs. #ARGOS# Print Friendly Versionlast_img read more

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Essequibo trio nabbed after alleged break and enter at Henrietta

first_imgPolice in G Division (Essequibo Coast/Essequibo Islands) acting promptly on information about a break and enter at a Henrietta residence, apprehended three men who were allegedly involved in the act.The trio: Akim Spellen, 21, Deon Dwarka, 23, and Mark McKenzie, 33, aka Bora, all of Henrietta Housing Scheme are in Police custody.The Police nabbed the suspects and recovered the stolen items when the men admitted to committing the act.The men allegedly broke into the home of Norma Hercules between November 9 and 10 at around 06:00h. One flat-screen television valued 0,000 and one camera monitor valued ,000 were stolen.According to information, on November 10, pensioner Ivy John, 69, who usually takes care of the house and who would visit regularly to clean, discovered the house was broken and the items missing.The Police were summoned and the suspects later apprehended. Investigations are ongoing.last_img read more

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