When was the last time the Queensland Budget was in deficit?

Question

The Queensland State Budget has not been in deficit since at least before 1968. When was the last deficit in Queensland?

Answer 1

Queensland Economy :

Queensland's economy has enjoyed a boom in the tourism and mining industries over the last twenty years. A sizeable influx of interstate and overseas migrants, large amounts of federal government investment, increased mining of vast mineral deposits and an ever expanding aerospace sector ensure that the state will remain Australia's fastest growing economy in the foreseeable future.

Between 1992 and 2002, the growth in the Gross State Product of Queensland outperformed that of all the other states and territories. In that period Queensland's GSP grew 5.0% each year, while growth in Australia's GDP rose on average 3.9% each year. Queensland's contribution to the Australian GDP also increased (by 10.4%) in that period, one of only three states to do so.

In 2003 Brisbane city had the lowest cost of living of all Australia's capital cities. As of late 2005 Brisbane is the third most expensive capital for housing after Sydney and Canberra and just ahead of Melbourne by $15,000.