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    Treasurer, Minister for Employment and Industrial Relations and Minister for Aboriginal and Torres Strait Islander Partnerships
    The Honourable Curtis Pitt

    First Palaszczuk Budget - A Better Way For Queensland

    Treasurer, Minister for Employment and Industrial Relations and Minister for Aboriginal and Torres Strait Islander Partnerships
    The Honourable Curtis Pitt

    Saturday, July 18, 2015

    First Palaszczuk Budget - A Better Way For Queensland

    Treasurer Curtis Pitt welcomed the vote of confidence from Queensland’s MP’s, as the Palaszczuk Government’s first Budget passed through the Parliament.

    “It’s a responsible, measured Budget and I welcome the Parliament’s endorsement of our plan to deliver essential infrastructure and services in education and health,” Mr Pitt said.

    “I am proud to have handed down a budget that not only delivers a surplus across the forward estimates and reduces debt, it does so without selling our state owned assets.

    “Labor promised Queenslanders a better way to encourage economic growth without selling our assets or mass sackings and we have delivered that blueprint.

    “This Budget sends a clear signal that Queensland is open for business and that the Palaszczuk Government is getting on with the job of delivering job opportunities and new projects across Queensland.

    “We are delivering jobs – with a new $500 million Statewide Schools and Hospitals Fund that will refurbish facilities and employ painters, carpenters, tilers and floorers, electricians, plasterers, plumbers and other trades.

    “We are also delivering jobs for the future – with a new $180 million Advance Queensland package for innovation partnerships, support for Start-ups and SMEs, and a Business Development Fund. 

    “We are delivering infrastructure – with a $10 billion capital program across the state to support 27,500 jobs.

    “We’re spending more than $2 billion in Brisbane backed up by infrastructure investment the length and breadth of Queensland because, unlike the LNP, Labor knows the value of Queensland’s regions.

    “We’ve committed more than $1 billion to the Gold Coast and Logan, $1.1 billion in the Darling Downs, invested $484 million in Ipswich, spent nearly $1.5 billion in Moreton Bay and the Sunshine Coast, committed nearly $600 million to the Wide Bay, over $800 million to the outback, allocated $900 million in Fitzroy, $350 million to Mackay, invested $540 million to Townsville and more than $440 million in the Far North. A commitment I can’t wait to get back home to sell in the tropics.

    “That’s why this Budget has been well received by so many sectors of the Queensland economy, with business, industry, community groups and unions on a unity ticket in backing our responsible, measured approach.

    “Evidence shows the market is already responding to the positive Palaszczuk agenda – the latest ABS figures show unemployment down from the 7% highs of the LNP to 6.3% on trend and 6.1% seasonally adjusted last month.

    “There have been 23,100 full-time jobs created since the Palaszczuk Government won office – 190 jobs created each day. Contrast that with the LNP’s reckless policies which lost Queensland six full-time jobs every day they were in power.

    “Retail trade is up, dwelling investment is up and the value of Queensland’s overseas merchandise exports rose nearly 20% in the May quarter 2015.

    “We’re bringing forward $200 million in Building our Regions funding, for local Councils and local projects, with the first $100 million to be provided this year, a year ahead of schedule.”

    Mr Pitt said he was proud that his Budget included:

    • 875 new teachers
    • Up to 1000 additional nurse graduates per year
    • 400 new Nurse Navigators
    • 266 Police
    • 75 new Paramedics

    “But I know we can do better and we can work harder for Queenslanders, especially in working to drive down unemployment and deliver more jobs and infrastructure,” Mr Pitt said.


    Media Contact:   0419 945 546