Queensland, NSW Unveil Budgets Focused on Growth

Queensland's new Liberal National Party government has released a budget focused on public services, safety, housing, and preparations for the 2032 Olympics, while facing debt projected to reach $190.4 billion by 2027-28. The budget provides limited cost-of-living relief, including $100 Back to School vouchers and targeted electricity rebates, while scaling back broader energy support. Housing affordability measures include a shared equity scheme for first home buyers. In New South Wales, the budget emphasizes infrastructure and innovation, featuring $452 million for public transport, $100 million for a new film studio, and a $1 billion government guarantee to encourage affordable housing construction. The NSW government is also supporting technology sector growth and reforming the workers’ compensation scheme. Both states are positioning their budgets to address fiscal sustainability and stimulate economic growth.