How Queensland will reduce debt

HOW QUEENSLAND PLANS TO REDUCE ITS $75.5 BILLION DEBT:

* Transfer $4.1 billion of general government debt to government-owned energy network corporations, delivering a reduction in interest payments of almost $600 million

* $3.4 billion reduction in total debt by funding long-service leave on an emergency basis when the leave is paid rather than holding onto a central investment allocation, also reducing interest payments by $600 million

* $2 billion reduction in total debt through a temporary suspension for five years of defined benefit employer contributions, delivering a $150 million reduction in interest payments

* Other possibilities flagged include moving equity in government-owned corporations (GOCs) to commercial gearing levels and the opportunity for Queensland's defined superannuation benefit scheme to invest in GOCs.

(Source: Queensland Treasury)