Reported at www.abc.net.au: Queensland’s new LNP Treasurer David Janetzki announced a significant fiscal downturn, revealing that the state’s budget will shift from a projected $887 million surplus to a deficit exceeding $9 billion for the 2026-27 financial year.

The fiscal update highlights a $400 million decline in coal royalty revenue due to falling prices and reduced export volumes, marking the end of the coal royalty “windfall” era.

The Treasurer will today publish the Mid-Year Fiscal and Economic Review.