<p>The Queensland Government needed to borrow money to pay for new infrastructure, premier Peter Beattie said ahead of today’s (Tuesday, June 5) State Budget.</p> <p>“We are building $80bn over the next 18-19 years because we’re getting something like a thousand people moving here from New South Wales every week,” Mr Beattie told the ABC.</p> <p>“The infrastructure we’re building is the biggest infrastructure built in Australia since the Snowy Mountain scheme – of course, we’ve got to borrow a bit to do that, but that’s no big deal our borrowings are very small.”</p> <p>The state’s borrowing expectations will be outlined in today’s Budget, he said.</p> <br />
Queensland will borrow to grow infrastructure: Beattie
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