Learning lessons from Albo? Queenslands Liberal National government delivers Budget with mild costofliving relief but no tax hits

Image for article Learning lessons from Albo? Queenslands Liberal National government delivers Budget with mild costofliving relief but no tax hits
News Source : Dailymail.com

News Summary

  • Premier David Crisafulli conceded there were no'sugar hits' in Tuesday's Budget.
  • Total state debt is expected to reach $142.4 billion this year and climb to $216.5 billion by 2029/30 as the Brisbane Olympics build ramps up.
  • A record $119.2 billion capital works program featured in the budget, covering massive builds for hospitals, roads and housing along with 2032 Olympic and Paralympic Games venues.
  • Queensland's AA+ credit rating was downgraded for the first time in 15 years when it went from stable to negative in February 2025.
Queenslands Liberal National government faced a tough balancing act after promising costofliving relief and no new taxes as it ramps up preparation for the 2032 Games.

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