'Crooked' LNP cooking the books: Palmer

Billionaire mining magnate Clive Palmer's latest lambasting of the Newman government has exposed the widening gap between it and the Liberal National Party (LNP) executive.

Which side the executive takes in this stage of the ongoing feud may not be known for at least another fortnight.

Mr Palmer has vowed he won't back off, accusing Treasurer Tim Nicholls of lying about the state's finances while sacking thousand of public servants and paving the way for asset sales.

He called Deputy Premier and State Development Minister Jeff Seeney a "thug" and "lucerne farmer" who has waged a campaign of intimidation against him over a coal project.

Both, he said, should be sacked.

"The books have been cooked by the biggest crooks that have ever occupied office in the state of Queensland," Mr Palmer told reporters on Friday.

"Fourteen thousand Queensland families should not be without their pay packets because these little deadbeats want to get re-elected."

Mr Palmer said another LNP party member had already gone to the executive with a "grave" complaint about Mr Seeney that went to the heart of the deputy premier's ability to remain a member of the party.

He said he'd also lodge a complaint with the LNP executive on Friday for the alleged lies Mr Nicholls had told about the state's finances.

He would seek disciplinary action and expected other members of the party - including the wife of LNP MP Alex Douglas, who chairs parliament's ethics committee - to sign as well.

Mr Palmer said Queensland's real net debt was $11 billion and nothing like the $65 billion flagged by the government.

But Mr Nicholls said his figures would stand up to scrutiny.

At the end of 2011/12, Queensland was $62.6 billion in gross debt, with $32.6 billion held by government-owned corporations and $30 billion in the general government sector, he said.

"Unless the entire treasury has got its numbers wrong, unless they are applying a standard that is not acceptable to the Australian accounting standards board, then I'm pretty sure that our figures are right," Mr Nicholls said.

LNP state director Brad Henderson responded to the public brawl by issuing a one-line statement, saying the state executive will consider Mr Palmer's comments regarding the state government at its next meeting on November 23.

Mr Henderson was careful not to pick sides, despite the executive only two months ago ordering Mr Palmer to reconsider his membership after continual criticism of the government's austerity measures.

Mr Palmer said he'd been told the meeting won't be about his membership, but the "very serious allegations" he'd raised.

He doesn't believe he'll lose his membership, and spoke on Friday about his ongoing friendship with LNP president Bruce McIver, who he said was currently "the chairman of our Singapore company involved in shipping".

Mr Nicholls and Mr Seeney dismissed Mr Palmer's allegations as "stupid" and a "juvenile" attempt to get back at the government or bully it, because it didn't choose his coal rail corridor in the Galilee Basin.

Mr Seeney, who said he hadn't been made aware of any allegation against him, said Mr Palmer shouldn't be relying on his friendship with Mr McIver to pull him out of the mess.

"No matter who he's friends with, no matter what business relationships he has, he will be treated exactly the same as every other Queenslander," Mr Seeney said.

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