QLD’s credit rating downgraded; Government info leaked by Tax worker; Fire in Townsville CBD | 7NEWS
Queensland’s credit rating has been downgraded for the first time in 17 years, with ratings agency S&P citing inflation, rising interest rates, higher wages and a softening property market, coming amid concerns over spending on infrastructure and the 2032 Olympics, with state debt forecast to reach $216 billion by 2030. A tax office worker on the Gold Coast has been arrested, accused of giving away sensitive government information to organised crime groups. Smoke towered over city buildings in Townsville’s CBD as flames raced through the heritage-listed Great Northern Pub.
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