Abstract
Consistent with a policy commitment to raising the level of public services, Queensland has been increasing current expenditure at a significant rate since late 1989. At the same time, the Labor government has claimed to have eliminated State debt and to have honoured promises to keep down taxes. This paper challenges both those claims. It also suggests there are strong prima facie grounds for the view that public capital expenditure has been inadequate in the face of burgeoning population pressure, and that there has been a marked imbalance between capital and current expenditure. Part of the reason for this has been the Queensland Government's stringent debt policy. It is argued that Queensland debt policy goes beyond what is required by financial responsibility, and has hampered effective policy making in the State.
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