The winners and losers in the Queensland budget

📆 6/13/2023 7:02 AM
📰 FinancialReview

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Young families and public housing are among the winners, while new royalties mean the coal industry will take a hit and rising inflation will put pressure on households, despite power price relief.

Queensland public servants receive an extra $1.9 billion in wages, up 6.3 per cent than earlier estimates;LosersQueenslanders will pay $5.

6 billion a year in interest payments to service total debt of $147 billion by 2026-27;The industry will pay a $17 billion in royalties over the next four years, courtesy of the new royalty tiers;Household spending is tipped to slow from 3 per cent in fiscal 2023 to 1.25 per cent in fiscal 2024;Queensland will face an inflationary squeeze in fiscal 2023 of 7.25 per cent against wages growth of 3.75 per cent.

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