The Queensland government has announced new cost-of-living measures — headlined by a $100 voucher for families with school-aged children — replacing those introduced by its Labor predecessors last year.
Treasurer David Janetzki handed down the LNP government’s first budget today, projecting the state’s debt to remain at record levels, likely eclipsing $205 billion by the 2028-29 financial year.
That’s down from the $218 billion forecast by the 2027-28 financial year in the mid-year budget update in January.
The budget is expected to record an almost $9 billion deficit in the next financial year, reducing to $1.1 billion by 2028-29.