Families and communities across the Sunshine Coast will reap the
rewards of the Newman Government’s fiscal repair effort outlined
in its first Budget, Treasurer Tim Nicholls said today.
Mr Nicholls said the 2012-13 Budget was a once in a generation opportunity to right the wrongs of the previous government and halt the state’s slide into more debt and deficit.
“This government has made tough decisions to achieve Queensland’s fiscal repair task so that we can re-set the state’s finances on a sustainable path,” Mr Nicholls said.
“Achieving these cost savings has meant families have not had to bear the brunt of increased taxes and charges to pay off Labor’s debt and deficit legacy.
“Our fiscal repair effort ensures the Newman Government is still able to deliver cost of living relief to families and invest in local schools, hospitals and roads while still keeping our debt and deficit under control.
“By doing the heavy lifting, we are now in a position where our Budget will record a fiscal surplus of $652 million in 2014-15. This means more can be spent on delivering essential services to Queenslanders instead of paying off an ever increasing interest bill.
“Families will benefit from freezes to car rego costs and electricity tariffs and we have reinstated the principal place of residence concession for people buying the family home.
“We will also offer first home buyers $15,000 if they buy a newly built home or one off the plan in an initiative which will also boost construction activity.”
Mr Nicholls said the Government was investing heavily in health services in the Sunshine Coast region, committing $31.7 million to the Sunshine Coast University Hospital.
“This Budget also includes $8.5 million in joint Federal and State Government funding for the expansion of the Caboolture Hospital Emergency Department,” he said.
“We will enhance maternal and child health services to provide additional access to home visits and community clinics in the first year following the birth of a child.
Schools throughout the Sunshine Coast will also benefit from the Newman Government’s $200 million Advancing Our Schools Maintenance Fund, which will allow state school Parents and Citizens organisations to apply for up to $160,000 to fix existing priority maintenance issues.
“Realising cost of living is the most important issue for Sunshine Coast families, the Newman Government is also delivering rebates of up to $80 per domestic water connection,” Mr Nicholls said.
“Small and medium businesses will also benefit by paying less payroll tax.
“The Budget also includes $66 million in funding for a new heavy-rail passenger line between Kippa-Ring and Petrie.”
Mr Nicholls said the 2012-13 State Budget would encourage long term job and economic growth across the four pillars of the economy and ensure cost of living remained low for Queensland families.
“This is a Budget for Queensland’s future – and the Newman Government is determined to deliver a more prosperous future for the people of this great state,” he said.
Newman Budget Delivers For The Sunshine Coast Region
Treasurer and Minister for Trade
The Honourable Tim Nicholls
Tuesday, September 11, 2012