Your guide to the Qld budget
A state treasurer and premier have tried to paint a reassuring picture for a budget delivered at a time of global flux. Here is what you need to know.
Treasurer David Janestzki has handed down Queensland;s 2026-27 State Budget Here is what he and the Premier had to say about it:
The backdrop:
“War in Iran and blockages in the Strait have impacted roughly 20 per cent of the world’s oil supply, reverberating through all markets to all corners of the global economy. Queensland lies at the very end of this global supply chain – downstream of the global chaos.” – Treasurer David Janetzki
A snapshot:
“Debt is down, and we’re heading towards surplus. We’re easing pressure on those kitchen-table bills. We’re strengthening the front line, and for the first time in a long time, we’re building things in Queensland.” – Premier David Crisafulli
On debt:
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“If we took the former government’s debt trajectory it would have been $290 billion (by 2029/30) as opposed to $216 billion.
“The former Labor government had us on a debt trajectory of $42,000 for every man, woman and child. Our per capita debt is at $24,000, so we’re saving on interest payments.” – David Janetzki
On taxes:
“We have axed two taxes, the GP patients tax, which was due to roar into life, and young people building their first new home won’t pay any stamp duty.
“We haven’t found justifications to whack people with new taxes under the cover of global crises. We’re on your side.” – David Crisafulli
On Brisbane’s 2032 Olympic Games:
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“The 2026/27 capital program will deliver $119.2 billion over four years to 2029/30, supporting investment in critical infrastructure across the state, including transport, health, education, energy and water assets.” – David Janetzki
“We’re building things again in Queensland … We’ve brought the CFMEU to heel, and productivity is returning to Queensland, and that means a safer environment for people to come to work and the kind of infrastructure a growing state needs.”
“I’m not going to hand over one extra dollar from Queenslanders if I can get it from Canberra.” – David Crisafulli
On the cost of living:
“We’re doing our bit to help Queenslanders through tough times. And we know many families are doing it tough right now as they face the national affordability crisis, rising inflation and price spikes driven by war in the Middle East.
“This budget delivers the largest ongoing cost-of-living relief package in Queensland’s history with nearly $9.3 billion supporting Queenslanders in 2026/27 – a $700 million increase on last year’s cost-of-living relief package.” – David Janetzki
Frontline services:
“In the last 12 months to March 2026, the Crisafulli government has added 8693 full-time employees to the public service, and only 34 of those are in corporate roles … That highlights our absolute commitment to investments into the front line, with more than 4500 full-time employees funded in 2026/27.
“It puts to bed the silly scare campaigns that we saw time and time again (from the state opposition). The problem with scare campaigns is they’re more effective when you’re in government and you’re trying to chastise the opposition.” – David Crisafulli.
-with AAP
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