Strong endorsement for Queensland budget


The Palaszczuk Government’s jobs-focused budget has received strong endorsement from industry, economists and ratings agencies for maintaining a healthy surplus, investing in infrastructure and “transformative” payroll tax relief.

Ratings agency Moody’s said it considered debt to be manageable, and Standard & Poor’s said:

“Queensland's wealthy economy, strong financial management, and exceptional liquidity continue to underpin our rating on the Australian state.”

Deloitte Access Economics said:

“… the Budget ticks a number of boxes – budget surpluses, infrastructure spending, remaining a low tax state, and increased spending on social portfolios.”

Deloitte partner Dr Pradeep Philip pointed to the employment benefits of the increased threshold for payroll tax:

“The $885 million payroll tax initiative is something that business should welcome, there is an increase in the threshold for businesses around Queensland and that is good for jobs.”

Dan Petrie from the Chamber of Commerce and Industry Queensland (CCIQ) said:

"This will be transformative for a number of small businesses within the state.”

Economist Nick Behrens said:

“This budget indicates that Queensland’s economy is performing well. The surplus is very good news for Queenslanders.”

The AMA gave the budget a strong B for its record $19.2 billion investment in health, with Professor Chris Perry saying:

“We like the fact there are 700 new hospital beds being built around Queensland for the next 4-5years. That’s another Royal Brisbane Hospital being built in a short period of time.”

The RACQ’s Rebecca Michael welcomed the budget’s transport infrastructure funding, particularly in regional Queensland:

“From Brisbane right up to Cape York on those key corridors, the Bruce Highway, the Pacific Motorway, the Cape York package also the Mackay Ring Road, the Cairns Ring Road, the Cairns Southern Access Road – all key projects Queensland needs.”

Master Builders deputy chief executive Paul Bidwell said commercial builders would be happy with the extra spending:

"We strongly support the idea of borrowing to build.”

Local Government Association of Queensland chief executive Greg Hallam pointed to the  budget’s commitments to help regional communities maintain jobs:

“This is a solid Budget that will go some way to ensuring regional communities in Queensland continue to grow.”

Premier and Minister for Trade
The Honourable Annastacia Palaszczuk
Deputy Premier, Treasurer and Minister for Aboriginal and Torres Strait Islander Partnerships
The Honourable Jackie Trad

Money & Finance Political Queensland Government

Annastacia Palaszczuk : Queensland Premier and Minister for Trade :
PO Box 15185, City East, Queensland 4002, Queensland Wide
07 3224 4500
Annastacia Palaszczuk : Queensland Premier and Minister for Trade
Showing 10+ recent articles for this business
Qld COVID-19 – Mon Jun 1: Tourism, travel boost / no new cases for four days 01 June 2020 | Tourism regions throughout the state will benefit from the Stage 2 easing of restrictions, with no new COVID-19 cases confirmed in Queensland for the fourth day in a row. More information...
Major easing of restrictions will open Queensland for Queenslanders 31 May 2020 | Queenslanders will be able to undertake unlimited travel including overnight stays throughout the entire state from midday tomorrow (June 1) in a major easing of Covid-19 restrictions. More information...
Qld COVID-19 – Thu May 28: More testing urged 28 May 2020 | More Queenslanders have been strongly encouraged to be tested for COVID-19, with no new cases confirmed and the number of active cases now in single figures. More information...
Qld COVID-19 – Mon May 25: Back to school / cases reduced / restaurant talks 25 May 2020 | Premier Annastacia Palaszczuk has thanked school communities for getting ready for back to school, as zero new cases of COVID-19 and a revision of previous figures show a drop in the overall number of confirmed... More information...
All Queensland school students back in the classroom for Term 2 25 May 2020 | Queensland school students have returned to classrooms today with in-classroom learning resuming for all years. More information...
Luhrmanns lend hand for Queensland students 23 May 2020 | Premier Annastacia Palaszczuk has welcomed a partnership with film legend Baz Luhrmann’s daughter Lilly to help international students impacted by COVID-19. More information...
Qld COVID-19 – Fri May 22: Public transport COVID-safe / no new cases again 22 May 2020 | COVID-safe public transport measures have been highlighted, as the Queensland public’s co-operation with COVID-19 health directions continues to result in encouraging figures, with no new infections confirmed... More information...
Qld COVID-19 – Thu May 21: Altered holiday for altered times / no new cases 21 May 2020 | There remain 12 active cases, 1040 recovered and six deaths for a total of 1058. More information...
A people's weekend to boost tourism 21 May 2020 | This Year’s Ekka Show Holiday will move to create a one-off long weekend giving locals the chance for a mini-break and our tourism industry a much-needed boost. More information...
Qld COVID-19 – Wed May 20: More regional stimulus / testing important 20 May 2020 | More investment in regional infrastructure has been announced to further boost Queensland’s COVID-19 economic reset, as one new case and one more recovery are added to the health figures. More information...

comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service