The Queensland government is prioritising what matters, both for households and for our growing state.

While our state is not immune to the economic challenges of global inflation and national growing pains, including an unprecedented and unexpected increase in the population, the 2024–25 Queensland Budget sets out a responsible plan to support our people and invest in our future.

The Budget delivers $11.218 billion in concessions to help Queenslanders when they need it.

Importantly, the Budget also sets out a $107.262 billion 4-year capital program to provide health and education services for Queenslanders where they live, transport to get home faster, and to transform our energy system on the path to net zero.

Queensland is the growth state, with a positive trajectory for the future.

Queensland’s overall economic growth is forecast to strengthen to 3 per cent in both 2023–24 and 2024–25. The state continues to enjoy exceptionally strong labour market conditions. As of April 2024, Queensland (up 366,900 persons) had recorded the largest employment growth of any state or territory since March 2020.

In 2024–25, all Queensland households will automatically receive $1,300 off their electricity bills in 2024–25, consisting of an upfront $1,000 Cost of Living Rebate from the Queensland Government and a $300 rebate paid in quarterly instalments from the Australian Government. Vulnerable households will continue to receive the $372 Queensland Electricity Rebate for a total of $1,672 support in 2024–25.

Since 2018, all Queensland households will have received $2,425 in electricity bill rebates, including the $1,300 rebate in 2024–25.

Around 205,000 eligible small businesses will also continue to receive a $650 credit on electricity bills in 2024–25, co-funded by the Queensland and Australian Governments.

This is not the only cost-of-living relief being provided to Queenslanders.

• 20 per cent reduction in the registration fee and traffic improvement fee components of motor vehicle registration for all light vehicles for 12 months.
• Lowering public transport fares to a flat fare of 50 cents across the state’s public transport network for 6 months from 5 August 2024 and saving Queensland public transport customers $150 million in 2024–25.
• Increasing the value of FairPlay vouchers from $150 to $200 and number of vouchers available from 50,000 to up to 200,000 at an additional cost of $33.5 million.
• Providing $15 million for the School and Community Food Relief Program. This initiative will assist children to access food relief from appropriate sources, ranging from subsidised lunches, breakfasts or tuckshop items. School food programs provide essential support to families as cost-of- living increases impact their ability to provide for their children.
• Providing essential support through a range of targeted food, emergency and financial relief measures.
• Substantial additional support to a wider range of Queenslanders purchasing their first home by increasing eligibility thresholds for first home concession, and first home vacant land concession. It is estimated these measures will deliver additional tax relief to Queensland first home buyers of $90 million in 2024–25.

This Budget is also continuing to deliver frontline services, with a focus on community safety, education and health.

• Delivering record health funding with growth of 10.6 per cent in 2024–25 to support a range of essential health initiatives.
• $1.28 billion over 5 years for community safety measures across 5 key pillars of supporting victims, delivering for our frontline, detaining offenders, intervening when people offend, and preventing crime before it occurs.
• Over $1.274 billion continuing investment in school and early education facilities that consider population growth and shifts, changes in educational needs, and addressing high priority needs for student and staff health and safety.
• $502 million to deliver the Putting Queensland Kids First Plan supporting children from their earliest years of life and directs resources, services and supports to give every Queensland child and family the best possible opportunities for a great life.

Download the Budget Overview