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$3b savings pledge falls $2 997b short

A plan to slash $3 billion in costs from Queensland s public sector has so far identified just $3 million in savings, prompting opposition accusations the government was attempting one of the greatest get-rich schemes of all time . In September Treasurer Cameron Dick pledged to implement a Debt and Savings plan, which would deliver $3 billion in savings for the government over four years. The savings would be found through the establishment of the Queensland Future Fund to pay down debt and the consolidation or abolition of some government services including the state s Productivity Commission, Building Queensland and the Public Safety Business Agency. However, a report by Queensland Parliament s Economics and Governance Committee on the Debt Reduction and Savings Bill reveals only $3 million in annual savings had been identified to date.

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