The Queensland government has pledged US$52 billion for infrastructure construction, and the debt is “not bad language”

Queensland Finance Minister Cameron Dick announced that “debt is not a dirty word” and forward-looking estimates that the state’s total debt may reach US$127 billion by 2024/25. When the Treasury Secretary announced the state’s budget on Tuesday, it was revealed that the current total of US$96 billion this year will increase year by year, and the final budget will return to a surplus in four years. “We will not apologize for using debt to defend the health, work and livelihoods of Queenslanders,” he said. At the same time, the Queensland State Government announced that it will allocate US$52 billion to the state’s infrastructure plan, of which US$2 billion will be used for new hospital funds, and US$1.9 billion will be used to build 6,000 social housing units.