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.

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

 

For the full article, please visit https://www.news.com.au/national/queensland/queensland-budget-2018-where-the-money-is-being-spent/news-story/24743a45ea6acd6ee9c44d09c351163d

 

Sharon Taylor
Senior Research Analyst - Performance Property Advisory

Sharon heads up the research division at Performance Property Advisory. As part of our ongoing service to clients, Sharon provides contemporary advice in a range of areas, including growth suburbs and regions, demographics and employment rates, proposed infrastructure developments and other aspects that will contribute to a positive return on their investment.