Queensland Budget 2018: Where the money is being spent
TREASURER Jackie Trad has delivered her first State Budget, with big borrowing to underpin major spends on infrastructure, health and education. Here’s your one-stop guide.
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TREASURER Jackie Trad has delivered her first State Budget, with big borrowing to underpin major spends on infrastructure, health and education.
Here’s your one-stop guide.
STATE OF THE BUDGET
- 2017/18 surplus of $1.512 billion, up $1.02 billion than what was originally projected thanks to a strong increase in coal and LNG prices
- Projected 2018-19 surplus of $148 million
- Revenue is expected to dip to $57.7 billion while expenses are also expected to increase
- Economic growth of 2.75 per cent in 2017-18, expected to grow to 3.0 per cent in 2018-19
- Expenses 2018/19 $57.590 billion, increase of $843 million (1.5 per cent)
- Health and education make up 54.4 per cent of gov expenses
JOBS
- Unemployment projected to stay at 6 per cent for 2018-19
- 83,500 jobs created in the 12 months to April
- 3833 additional public servants in 2018-19, representing an increase of 1.7 per cent
- $73 million increase in funding over four years for Advance Queensland
- $155 million contributed to the Back to Work program, making a $369 million commitment over the next four years
INFRASTRUCTURE
- $11.6 billion capital works program, expecting to support 38,000 jobs, with $45.8 billion projection over four years
- $4.9 billion on roads and transport
- $733 million for the 5.4bn Cross River Rail to go to planning and procurement
- $534.3 million to the Toowoomba Second Range Crossing
- $339.1 million towards construction and upgrades of social housing
- $89.2 million towards a $370 million new public transport ticketing system
COST OF LIVING
- First Home Owner Grant of $15,000 extended for 12 months
- $200 million increase to concessions
EDUCATION
- 3700 extra teachers over the next four years
- $808 million across seven years for a future schools fund
- $235 million over four years to substantially upgrade 17 state schools across the state
HEALTH
- $570 million committed over six years to improve public hospital capacities
- $84.8 million for regional hospital upgrades to Hervey Bay, Gladstone, Roma and Caloundra hospitals
- 3,500 new nurses and midwives over four years
LAW AND ORDER
- $171.9 over four years for 400 additional police officers
- An extra 85 counter-terrorism officers and operational specialists costing $55.1 million over four years
- A further $10.6 million to further construction of the $46.7 million counter terrorism training centre at Wacol