Money: Queensland Budget 2019: Winners and losers - PressFrom - Australia
  •   
  •   

MoneyQueensland Budget 2019: Winners and losers

10:15  12 june  2019
10:15  12 june  2019 Source:   abc.net.au

'No one goes to Adelaide': Treasurer takes extraordinary swipe at South Australia - as the winners and losers in the NSW budget are revealed

'No one goes to Adelaide': Treasurer takes extraordinary swipe at South Australia - as the winners and losers in the NSW budget are revealed New South Wales Treasurer Dominic Perrottet mocked Adelaide as he pleaded for more money from his federal Liberal-National counterparts, after delivering his third Budget.

Queensland budget 's winners and losers . Skip to sections navigation Skip to content Skip to footer. Who benefits and who takes a hit in the Queensland budget for 2019 -20. Winners . Regional Queensland - Queensland Treasurer Jackie Trad had a strong regional focus in the budget following

Queensland Budget 2019 -20: The winners and losers . WINNERS . HEALTH. This sector will get 0 million more funding than last year, bringing the sector's overall budget to .5 billion. The aim is to meet increasing demand across the state and to improve hospitals in growing population areas

Find out what Treasurer Jackie Trad's 2019 Queensland Budget means for you.

Loser: Queensland's debt

  • The state's debt sits at $71.4 billion but will soar to a massive $90 billion within four years.
  • The Queensland Government is trumpeting an operating surplus this year of $841 million.
  • It is forecasting a smaller surplus in 2019-20 of $189 million over the next four years.

Winner: Health

  • Health spending goes up every year and this one is no different. This year the Government is budgeting $19.2 billion for health, up $929 million on last year's budget.
  • 400 "nurse navigator" positions and 100 midwives will be made permanent from 2021-22, at a cost of $147.5 million.
  • $957 million has been set aside to expand the Caboolture, Ipswich, and Logan hospitals.

Winner: Schools

  • Some schools will be a bit cooler with $100 million for air conditioners, taking the total fund to $191 million over four years.
  • Hiring 240 new teachers and aides to help students with disabilities in Queensland schools at a cost of $136 million.
  • The total spending on education will increase to $13 billion.

Neutral: Mental health

  • $62 million will fund suicide prevention and support services as an alternative to hospital emergency departments.
  • But the Queensland Mental Health Alliance said at least 10 community mental health services are set to have their funding reduced.

Winner: Law and justice

  • A new men's prison will be built near Gatton by 2022-23 at a cost of $619 million in a bid to reduce overcrowding.
  • The overtime bill for police officers supervising children in Queensland watch houses was $938,000 this year.
  • $1.3 million has been set aside for a "response team" of youth workers to supervise children in the Brisbane watch house.
  • An extra $10 million is being budgeted towards the cost of a new youth detention centre at Wacol.

Winner: Small business

  • The threshold where small businesses need to start paying payroll tax will be increased. So those with a wages bill below $1.3 million don't need to pay.
  • Businesses that can show a net gain in staff numbers will get a $20,000 tax rebate per employee.
  • There's also a 1 percentage point reduction on payroll tax for smaller businesses, predominantly in regional Queensland.

Loser: Big business

  • More than 6,000 businesses with a wages bill of over $6.5 million will be hit with a 0.2 per cent hike in payroll tax.
  • Land taxes for companies and trustees with landholdings worth more than $5 million will increase by 0.25 cents for every dollar over $5 million.
  • Treasury is expected to claw back $220 million from businesses not paying the tax they owe.
  • Businesses that can show a net gain in staff numbers will get a $20,000 tax rebate per employee.
  • There's also a 1 per cent payroll tax discount for businesses predominantly located in regional Queensland.

Winner: Regional Queensland

  • There's a $70 million boost to the local government and regional infrastructure projects through the "Building our Regions" program.
  • The Government says the program has already supported 2,400 jobs.

Neutral: Public Servants

  • Increasing staff numbers and wages mean the public service will cost $25.4 billion — 5.4 per cent more than the previous year.
  • It's increasing at a rate that is higher than population growth.
  • An office will be set up in Treasury to review the programs and the public sector and find savings. It's been set a target of $200m in 2019-20 and $500 million every year after that.
  • The Government says there will be no forced redundancies.

Winner: Mining

  • $80 million in concessions to make the Mt Isa rail line cheaper for companies who use it.
  • $30 million towards a new container terminal at Townsville Port to allow trains better access to the port.
  • For one year mining companies won't be hit with a hike in royalties, but the terms of a potential freeze for future years is yet to be agreed on.

    NSW Budget: Winners and losers for the year ahead

    NSW Budget: Winners and losers for the year ahead The "budget for the bush" looks to be a win for regional NSW, but who else came out ahead?

    Queensland 's debt is set to soar to billion but the budget remains in the black for now. Find out what Treasurer Jackie Trad's budget means for you.

    Here's the winners and losers in the 2019 -20 budget . Winner : The middle class. The banner headline Mr Frydenberg is expecting is the substantial tax cuts handed down in this year's In Queensland , the Bruce Highway, the Gateway Motorway and the Warrego Highway will get hundreds of millions more.

Loser: LNG industry

  • The petroleum royalty rate is being hiked from 10 per cent to 12.5 per cent. The Government expects to pocket an extra $476 million over four years.

Loser: Drivers

  • Fees and charges like car rego and speeding fines are increasing by 2.25 per cent which was in line with the forecast for inflation. But now inflation is only predicted to be 2 per cent.
  • There's $3.9 million for new speed cameras.
  • The Government expects to make an extra 7.9 per cent in fines and forfeitures from the new cameras and additional "enforcement hours".

Winner: Queensland film industry

  • The fund used to lure Hollywood producers to film their movies and TV shows in Queensland is getting $30 million over two years.

Loser: Foreign landowners

  • The land tax on foreign companies and foreign trusts will be increased from 1.5 per cent to 2 per cent.
  • This had applied to Australian citizens who live overseas for six months of the year, but won't anymore.
  • These changes will mean an extra half a billion dollars for the budget over four years.

Winner: Sport fans and art lovers

  • The Queensland Art Gallery gets an extra $4 million to attract "blockbuster exhibitions".
  • While money to build the Townsville Stadium was budgeted last year, $14 million over four years is now being set aside to run it.
  • The Gabba will get a $35 million refurbishment.

Credits:

  • Illustration: Georgina Piper and Emma Machan
  • Design: Ben Spraggon and Georgina Piper
  • Development: Colin Gourlay and Andrew Kesper

Budget funding for SA tourism causeway.
The South Australian budget will include $20 million to fix the causeway between the mainland and Granite Island.

—   Share news in the SOC. Networks

Topical videos:

usr: 4
This is interesting!