The 2022-23 QLD State Budget was handed down by Treasurer, Cameron Dick, on Tuesday 21 June 2022.
In his speech, the Treasurer announced a budget surplus of $1.9 billion for the 2021-22 financial year. Despite the ongoing impacts of COVID-19 and floods, the Queensland economy is forecast to grow by 3% in 2021–22, and then average ongoing growth of 2.75% per annum over the rest of the forward estimates.
The budget outlines the biggest capital program investment since 2010 of $59.1 billion over 4 years, which is expected to support 48,000 jobs in 2022–23. The budget also provides $6.8 billion in concessions to ease cost of living pressures for Queenslanders in 2022–23. This includes a $175 Cost-of-Living Rebate to help manage electricity costs. Our article includes a summary of the key budget measures.