Queensland Labor’s $150 million pre-election cash splash follows a $1000 power bill rebate, but experts say most voters have already made up their minds.
Already a subscriber?Queenslanders will pay 50¢ for a bus or train ride for six months in a pre-election cash splash pundits say will not be enough to save the Miles Labor government and which economists say risks stoking inflation.
They come three weeks after Premier Steven Miles announced a $1000 electricity bill rebate for every household and $1000 cashback to first-year construction apprentices to buy tools. The electricity rebate will be on top of a $300 federal government rebate announced in the budget. Independent economist Saul Eslake said the Queensland announcement seemed more an indication of the Miles Labor government’s desperation ahead of the state election. “I can’t think of any other explanation,” he said.Mr Eslake said it would be entirely reasonable for the Reserve Bank to add up what all the states and territories were doing over 2023-24 and 2024-25 in cost of living support and factor that into its interest rate decision-making.
The state was expected to record a surplus of about $122 million in the upcoming financial year, but Mr Dick said the budget, which has been significantly aided by
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