Queensland's debt levels will blow out to more than $100 billion by mid next year — $18 billion more than what was predicted before the coronavirus pandemic hit.
The Government's fiscal economic update for the 2020-21 financial year has revealed the state coffers have been hit by a combination of increased borrowings and falling revenue, pushing the predicted debt level to nearly $102 billion.
State revenue is expected to fall by an estimated $6.8 billion over the 2019/20 and current financial years.
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