Budget folly: Spending $2.4b to make $1.2b

It was always a bit of a furphy given that cash is already spent each year covering existing government costs and the only way to redirect those profits towards debt was to cut.But it was appealing nonetheless to most Queenslanders who believed selling publicly-owned assets would lead to higher costs. However the rich rivers of cash that Palaszczuk had her eye on have now evaporated.Those power, rail, water and port businesses – including Queensland Rail, Energy Queensland, Powerlink and Seqwater…



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