Virus to cause Qld budget blowout: Trad

Darren Cartwright

Queensland Treasurer Jacki Trad has warned of a financial blowout because of the coronavirus crisis.

Ms Trad said the government is absorbing the "shock" and will take further measures to assist businesses.

The government has already given small and medium-sized businesses a payroll tax holiday to help them survive the coronavirus outbreak.

"We are bracing for a very rocky ride here," Ms Trad told reporters.

"I've spoken to a number of large employers in the community and the total stoppage of customers - people are cancelling domestic flights, big events are being cancelled.

"With those sorts of elements unfolding, what this has meant is even more of an economic impact, or shock, than we had anticipated as few weeks ago."

She said they are constantly analysing the fall-out from coronavirus and would be making further comments in Parliament this week.

"That the government is absorbing a lot of the shock of the coronavirus ... to make sure we can bounce back," she said.

"We will look at additional measures come the budget and all of those figures will be advised in the lead up or, in indeed, on the day the state budget comes down."

In early March, the Labor Government announced traders with an annual Australian wage bill of up to $6.5 million are eligible, across all sectors.

She said that Ms Trad said they were looking at more ways to support businesses, tourist operators and workers.

"We are constantly analysing this situation and I will be making further comments in parliament this week," she said.

"(we want) To make sure our economy continues that there is government money flowing through the economy as the Reserve Bank has advised."

Ms Trad also announced on Sunday that the government had extended an annual $50 rebate on household power bills for the next three years at a cost of $300 million.

The rebate started in 2018 and Deputy Premier Jackie Trad announced on Sunday that it would continue for a further three years with the rebate automatically added as a credit to electricity bills later this year.

The $50 credit will apply to home owners, tenants, customers who receive an electricity bill from their landlord or body corporate, and customers in communities with card-operated meters.