Handing down his third budget, Treasurer Cameron Dick reveals Queensland will deliver a net operating surplus at the end of this month, thanks to surging coal and oil prices and a booming housing market.
Record coal prices will see mining companies face a hike to royalty rates, as the Queensland government announces a massive health injection in the state budget.
"We have listened to stakeholders in the health system who tells us that they need greater budget certainty to plan and deliver high-quality healthcare." However, the surplus is projected to slip to a $1 billion deficit the following two years, before returning to a modest $137 million surplus in 2024-25 and $183 million in 2025-26.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: