BRISBANE, Queensland, Feb. 19 -- The Queensland Cabinet issued text of the following statement:
Published Yesterday at 02:27 PM
Treasurer, Minister for Energy and Minister for Home Ownership
The Honourable David Janetzki
Labor's last Budget failure: S&P downgrades credit rating outlook
* Credit rating agency confirms waning fiscal discipline of the former Labor government.
* Labor ignored repeated credit rating outlook warnings, leavingQueenslanders to pay a high price.
* Outlook downgrade confirmsLNP warnings since early December.
Labor's legacy of cost blowouts, unfunded promises and service delivery black holes have come home to roost, as the LNP has predicted for years.
Following the release of Labor's last Budget update, S&P h...