Money Queensland budget: Winners and losers

01:34  13 june  2018
01:34  13 june  2018 Source:   msn.com

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Queensland Treasurer Jackie Trad has released her first budget , and there's a lot to take in. The treasurer has played down the state's debt as Read our full analysis of the budget here or scroll down for an at-a-glance list of winners and losers in the Palaszczuk government's plan for the future.

The 2018-19 Queensland budget was handed down on Tuesday afternoon. Some workers, sectors and projects came out as winners , while others were not so fortunate. Losers . The First Home Buyers' Grant will be reduced from ,000 to ,000 from July 2018, but the grant will be ongoing.

Queensland Treasurer Jackie Trad has released her first budget, and there's a lot to take in.

The treasurer has played down the state's debt as "stable" and "sustainable", while splashing the cash on infrastructure, education and health.

Read our full analysis of the budget here or scroll down for an at-a-glance list of winners and losers in the Palaszczuk government's plan for the future.

a man and a woman looking at the camera: Premier Annastacia Palszczuk and Treasurer Jackie Trad embrace after Ms Trad delivered her Budget speech. (AAP) © Provided by Nine Digital Pty Ltd Premier Annastacia Palszczuk and Treasurer Jackie Trad embrace after Ms Trad delivered her Budget speech. (AAP)

WINNER: COMMUTERS

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The 2017-18 Queensland state budget was handed down on Tuesday. Queensland households can look forward to 0 million going towards reducing household electricity prices. Losers .

Drivers, home buyers, job seekers, and the waste industry — find out who's better off and who takes a hit in Jackie Trad's first state budget .

A large chunk of the government’s infrastructure splash is to be spent on roads and rail, with projects designed to get Queenslanders out of traffic jams.

Already promised are crucial upgrades to the M1, Bruce Highway, Ipswich Motorway and Gateway Motorway while $733 million has been set aside for the $5.4 billion Cross River Rail.

The Sunshine Coat rail duplication between Beerburrum and Nambour gets $161 million and there’s $800 million for rural and regional roads in Western Queensland.

WINNER: HOUSEHOLDS

Households will get $5.6 billion in concessions to ease cost of living pressures, a $200 million increase on last year.

WINNER: PATIENTS

The 2018-19 Budget lays out an $18.3 billion spend in health, including a record $17.3 billion in operating funding for Queensland Health. It includes funding for an additional 3500 extra nurses and midwives, and 100 ambulance officers and hospital redevelopments at Logan, Caboolture and Ipswich.

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Queensland Budget 2018: Biggest winners and losers . June 10, 2018: Qld Premier Annastacia Palaszczuk today announced at the Royal Children's Hospital in Brisbane a record budget for health of billion dollars.

Queensland budget 2018: Winners and losers . The Queensland government has handed down this year's budget , with some people likely to be happier than others.

WINNER: SCHOOLS

Ms Trad has promised a record education and training investment of $14.1 billion in 2018-19 including four new high schools, a new primary school and a new special school. Forty-eight state primary and high schools will be refurbished. The government will also continue with the First 5 Forever program which helps parents with kids under five.

WINNER: SMALL BUSINESS

The Treasurer said the budget was focused on making Queensland the place for small business with $22.7 million for small business grants and programs, and extension of payroll tax rebates and support for start-up hubs.

WINNER: ENVIRONMENT

$330 million has been set aside for Great Barrier Reef protection programs over five years.

LOSER: HIGH ROLLERS

a group of people posing for a photo: Jackie Trad with students at at Ferny Grove State High School in Brisbane. Picture: AAP © Provided by Nine Digital Pty Ltd Jackie Trad with students at at Ferny Grove State High School in Brisbane. Picture: AAP

Four new “luxury taxes” are expected to collect $163.3 million a year over the next three years.

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Education, health and tourism have been earmarked as key spending priorities in the .9 billion state budget . But Treasurer Curtis Pitt's no frills economic blueprint lacks big-ticket, headline-grabbing measures.

Queensland . ACT. Western Australia. Here's how Scott Morrison's 2018 budget lands for Australian businesses big and small. Winners : Small business: The budget extended a tax break that allows small business owners to immediately deduct spending on eligible assets of up to ,000.

1. New tax for owners of luxury cars

2. Higher stamp duty for foreign investors

3. New betting tax for agencies outside Queensland

4. New land tax category for 850 large land holdings that don’t include farms

LOSER: DUMPERS

The government insists it will no longer allow Queensland to be a dumping ground for interstate waste implementing a $70 per tonne waste levy.

a person sitting at a table: Ms Trad has announced a © Provided by Nine Digital Pty Ltd Ms Trad has announced a

There’s also $32 million for councils to ensure they don’t pass the costs onto rate payers.

LOSER: GOVERNMENT DEBT

The debt is set to hit $83 billion in four years.

Coal and gas have pumped an extra billion dollars into the budget bottom line for 2017-18 to $4 billion, gifting the new treasurer an operating surplus of $1.512 billion.

With new gas field projects being announced and the resource sector remaining strong, royalties will continue to flow into the state's coffers, even if it's not at the levels seen at the height of the mining boom.

LOSER: THE UNEMPLOYED

Despite infrastructure spending delivering about 38,000 jobs, the jobless rate is expected to stick to around six percent.

a person standing in front of a building: Treasurer Jackie Trad says her first budget will boost jobs and the economy, but has no plan to pay off the massive $83 billion deficit. © Provided by Nine Digital Pty Ltd Treasurer Jackie Trad says her first budget will boost jobs and the economy, but has no plan to pay off the massive $83 billion deficit.

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