Population growth and cost-of-living relief are the headline drivers of spending and revenue in Queensland's 2024 election year budget.
Population growth and cost-of-living relief are the headline drivers of spending and revenue in Queensland 's 2024 election year budget. Queensland will finish this financial year with a net operating surplus of $564 million, but there is a deficit of $2.63 billion forecast for the year ahead.
The cost of the government's Big Build infrastructure plan rises over the next four years to $107 billion. "We're not increasing taxes on Queenslanders — the way we are paying for $1,000 energy rebates, our 50 cent public transport fares and now our 20 per cent rego reduction is by our progressive coal royalties," he says.
Road and rail spending is high on the list, with more than 1,000 road and transport projects underway, including improvements to the Bruce Highway. The Queensland Resources Council has just launched its latest campaign in the ongoing war against the state's coal royalty regime, highlighting "the damage being done to their businesses and jobs by the world’s highest coal royalty taxes".
There is an extra $220 million over the forward estimates for women's and girls' health and $210 million for First Nations people's health programs.Extra concessions on stamp duty are on offer to first home buyers in 2024-25. Meanwhile, this year's budget outlook points out the construction sector remains under pressure because "labour supply shortages remain a problem" and construction firms are continuing to fail at an elevated rate.
Cost Of Living Budget Deficit Qld Budget Queensland Budget Tax Queensland Budget Explained Labor Government Labor Budget Miles Government Housing Mining Housing Crisis Building Queensland
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