The 2022/23 Queensland budget at a glance

·2-min read

THE QUEENSLAND 2022/23 BUDGET

KEY FORECASTS:

* Budget surplus of $1.9 billion in 2021/22, falling to a deficit of just over $1 billion in 2022/23

* Economic growth to rise by three per cent in 2022/23

* Unemployment rate of just over four per cent in 2022/23

* Inflation to be 3.75 per cent in 2022/23

HEALTH:

* $9.78 billion capital boost to build and expand hospitals, resulting in about 2200 extra hospital beds over six years

* Capital spend includes three new hospitals and a $750 million cancer centre

* $1.6 billion for mental health over five years to support a new five year plan

* $334 million in funding for the Royal Flying Doctor Service over the next 10 years

COST OF LIVING:

* $14.60 wiped from monthly household electricity bills - which will rise by at least $13.75 in the southeast and $9.90 in regional areas - until 2023/24

* $6.8 billion targeted at subsidies for health, transport and education for eligible Queenslanders, an increase of about 10 per cent

HOUSING:

* $29.8 million over four years to address youth homelessness

EDUCATION:

* $13.3 million to give public high school students access to free period products for 12 months via school vending machines

* $262.8 million over four years to build five new schools to open in 2025/26

BUSINESS:

* $35.5 million towards the manufacturing facility of the Translational Research Institute in Brisbane

* A new levy targeting big business with national payrolls of more than $10 million to fund mental health, predicted to yield $1.64 billion over five years

MINING:

* Coal royalties to increase to keep pace with rising global prices. Progressive rates increasing to a ceiling of 40 per cent for coal sold at more than $300 a tonne

ENERGY:

* $35 million for a feasibility study on a 5-7 gigawatt pumped hydropower project

* $13 million to finalise studies on the proposed 1.0GW Borumba pumped hydro project

ENVIRONMENT:

* $40 million for protecting koala habitat and boosting their populations in the southeast

* $14.7 million for a program to assess, protect and recover threatened species

INFRASTRUCTURE:

* $924 million towards the $1.22 billion Gold Coast Light Rail Stage 3, Broadbeach South to Burleigh Heads

* $876 million towards the $2.6 billion Logan and Gold Coast Faster Rail (Kuraby to Beenleigh) upgrade

* $489 million towards the $550.8 million Beerburrum to Nambour Rail Upgrade

* $789 million towards new rail rolling stock, platform screen doors, European Train Control System fitment and Automatic Train Operations

* $200 million fund with interest earnings to be used for roads and sewerage systems in the southeast to spur housing development

INDIGENOUS:

* $4 million to support the development of Indigenous tourism operators

* $10 million for an Indigenous reef monitoring program

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