State Budget Released

The State budget was released on Tuesday evening and Treasurer Cameron Dick said the $12.3 billion surplus is the largest surplus delivered by any state government this year.

One of the biggest influencing factors were coal mining royalties which brought in an impressive $15.9 billion, far exceeding the predicted $5.9 billion.

A big focus of this years’ budget was the immediate relief for costof-living pressures with over 2.2 million Queensland households receiving at least $550 off their power in the coming financial year.

The government has also announced a record breaking spend on infrastructure, with $89 billion spread over a range of projects which include the Big Build Program which will see the construction of significant energy infrastructure over the next four years.

In addition, there is $751 million for a new housing program.

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