Following the extreme rain and flooding Queensland treasurer Curtis Pitt said there has been around a A$1.5bn loss in coal exports, an approximate A$150m hit to tourism and a further A$270m hit to sugar cane and other crops; alongside other damage the total is likely to be around A$2bn although the Queensland Reconstruction Authority is still determining the full extent of the losses. Pitt said the cost to Queensland’s June budget will be around A$1.5bn until it is reimbursed by the federal gov
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