Queensland Agriculture Minister Leanne Donaldson has resigned from Cabinet following a day of mounting revelations about her personal finances.

Ms Donaldson this morning apologised to the Bundaberg City Council and the people of her electorate, and said an outstanding council rates debt of almost $8000 was paid on Wednesday.

The Queensland branch of the ALP settled the account.

Ms Donaldson said she would pay back the money to the party next week.

In Parliament, Ms Donaldson also admitted she had missed some mortgage payments two years ago.

Ms Donaldson was later warned by Premier Annastacia Palaszczuk that there would be no more chances.

As a minister, Ms Donaldson earns an annual salary of $321,713.

But in a statement, Ms Donaldson said due to personal circumstances she was unable to personally pay the rates bill.

On Thursday night she also admitted she had not paid her registration on time and drove after the registration expired.

“Clearly this does not meet the high standards set by the Premier for all members of the Government,” Ms Donaldson said.

“I therefore informed the Premier tonight of my decision to resign as a minister.”