Original article by Mark Ludlow
The Australian Financial Review – Page: 1 & 8 : 14-Jun-23

A $1.5bn cost-of-living package is the centrepiece of the Queensland government’s 2023 budget. It includes a $550 energy rebate for all households in the state, plus a rebate of up to $1,000 for vulnerable households. Treasurer Cameron Dick does not expect the package to boost inflation, although Gene Tunny of Adept Economics notes that other states are also ramping up their expenditure, which will be taken into account by the Reserve Bank when adjusting monetary policy. Dick’s fourth budget has also allocated $19bn to pumped hydro, wind, solar and battery projects that will be owned by the government. This spending will see the budget return to deficit in 2023-24, following a record surplus of $12bn for 2022-23. A $10bn increase in coal royalties is the major contributor to the surplus.

CORPORATES
QUEENSLAND. TREASURY