Queensland’s economy teeters on edge of ratings downgrade despite coal royalty windfall

Queensland’s economy faces a potential ratings downgrade despite a coal royalty windfall of $6.9bn for the financial year. The state is running a $6.2bn operating deficit, with spending projected to rise from $100.8bn to $111.6bn by 2029-30, while the treasurer aims for a surplus by 2029-30 through spending cuts and infrastructure investments.