Treasurer Cameron Dick has handed down Queensland’s budget, which includes a $12.3 billion coal-fueled surplus; Neil Breen goes through what you need to know.

In the biggest budget surplus delivered by any state government anywhere in the nation for the ’22/’23 financial year, Queensland’s $12.3bn surplus – raked in by coal royalties – means that the sunshine state’s net debt is down to $5.8bn from $19.77bn.

It may not be time to celebrate yet though, as Queensland’s net debt is forecast to blowout to $46.9bn in the ’26/’27 financial year because of borrowings for big infrastructure for the Olympics and green energy projects.

Press PLAY below to hear the highlights from the Budget and how it affects you

Plus, 4BC 9News reporter Tim Arvier shared his insights on the budget with Neil Breen on Brisbane Live.

Mr Arvier said, “the bottom line is public servants are getting a 7 per cent wage rise, the bill is going up… $1.89bn extra in pay to public servants next year”.

Plus, commenting on Queensland’s overarching reliance on coal, Tim Arvier said, “if you take out the coal royalties for last year we’re already $3bn in the red”.

Press PLAY below to hear what he had to say

Hear more highlights from Brisbane Live below!

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