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Queensland is taking advantage of global shifts to realise opportunities in our traditional and emerging industries and create good, secure jobs. 206,000 Queenslanders have found jobs since the start of the COVID-19 pandemic, more than any other state or territory.

The 2022–23 Queensland Budget will underpin more jobs in more industries such as renewable energy, new economy minerals, advanced manufacturing, biomedical technology, agriculture, tourism and education services, and creative and design industries. It will help grow our skilled workforce and attract more overseas investment to Queensland.

Queensland is quickly becoming a renewable energy and hydrogen powerhouse. There are opportunities to supply the world with new economy minerals and manufacture the equipment needed to tackle climate change and reskill our workforce.

The Budget commits funding to enable new investment in renewable generation, storage and transmission. It invests in Queensland’s workforce, new ideas and technologies that will help the state keep pace in the global innovation race.

It also supports new and emerging industries and funds a long-term trade strategy to support exporters reach new markets. It builds on the more than $1 billion invested to support tourism and hospitality operators during the COVID-19 pandemic, by investing in recovery and development to help tourism return to being a powerhouse of Queensland’s economy.




capital program over the next 4 years


towards pumped hydro energy storage projects


over 10 years towards a new Queensland Trade and Investment Strategy for TIQ to enhance Queensland’s trade opportunities


over 5 years to implement the Queensland Resources Industry Development Plan


over 4 years for tourism recovery and development initiatives


over 2 years to support Queensland manufacturers


to support the $80 million expansion of the Translational Research Institute


to support small business growth


over 3 years for the continuation of the Great Barrier Reef Education Experience Program to support Queensland’s reef tourism


increased funding over 6 years towards the Far North Queensland film studio

Emerging world-leader in renewable hydrogen

Gladstone will soon be home to one of the world’s largest hydrogen-equipment manufacturing facilities, thanks to the Queensland Government’s partnership with leading renewable energy and hydrogen company Fortescue Future Industries. More than 300 local jobs are expected to be created over the life of the project.

With first production to commence in 2023, the new facility in Aldoga will manufacture electrolysers that are vital to the production of renewable hydrogen. Its close proximity to the heart of Gladstone means the facility will put Central Queensland on the map as a world-leader in the renewable hydrogen supply chain, boosting the state’s potential as a renewables exporter in this rapidly growing industry.

Gladstone will also have one of Australia’s first renewable hydrogen powered passenger ferries. The government is investing $5 million from its $35 million Hydrogen Industry Development Fund to support SeaLink Marine & Tourism in developing this emerging transport option for the local community.

renewable energy

Mackay joins new economy mineral drive

The Budget will provide $5.7 million over 3 years to fund a new future industries development hub at the Mackay Resources Centre of Excellence, expanding the centre’s reach into the new economy minerals sector.

New economy minerals will be in demand for decades to come as the world decarbonises, and Queensland has world-class deposits, particularly in the north.

This funding will back the Resources Centre of Excellence’s expansion into providing its essential research, development, commercialisation and training services for our emerging new economy minerals sector.

The expansion of the resources centre is one of the new economy minerals proposals in the Queensland Government’s draft 30-year-plan for the resources industry. The Queensland Resources Industry Development Plan is currently being finalised after public consultation.

Aviation maintenance facility lands in Rockhampton

A new $60 million aviation maintenance, repair and overhaul (MRO) facility is being constructed at the Rockhampton Airport with support from the Queensland Government’s Jobs and Regional Growth Fund.

Alliance Airlines is establishing the facility to maintain its growing fleet of aircraft that currently has major maintenance activities carried out overseas. With the aviation MRO industry valued at $565 million in Queensland, the new Alliance facility is set to boost the state’s economy by $195 million over the next decade.

The Alliance facility represents a significant diversification of employment opportunities in Central Queensland with new jobs being created for highly skilled aircraft maintenance engineers. Regional businesses and manufacturers will also benefit from new supply chains, leading to the creation of more secure, long-term jobs.

Construction of the new facility is supporting around 115 construction workers during the life of the project. Close to 100 new operational jobs will be supported at the facility by 2024 and at least 16 local traineeships and apprenticeships offered, creating new career pathways in the multi-billion-dollar MRO industry.

Budget Highlights Download
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Last Updated: 20 June 2022