Looks like Qld Premier Anna Bligh is running scared, after a massive budget deficit and a cut to the state’s credit rating:
The collapse of fortunes forced ratings agency Standard & Poor’s to lower the state’s long-cherished AAA credit rating for the first time to AA.
The lower credit rating will put further pressure on the state’s finances by increasing the cost of borrowings to fund a growing budget deficit and heavy capital works program….the chances of Premier Anna Bligh calling an election for March 28 are increasing.
Notice the article’s reference to fortunes – the implication being that was just bad luck and not bad fiscal management.