Premier Annastacia Palaszczuk
Premier Annastacia Palaszczuk

Qld Budget 2016: Who will get super funding?

QUEENSLAND BUDGET 2016: WHAT WE KNOW

THE Palaszczuk Government has vowed to roll out hundreds of millions of dollars in regional Queensland, particularly those areas suffering from the mining downturn.

Treasurer Curtis Pitt says his second state budget, to be handed down at 2.30pm today, will include a surplus and new infrastructure funding, despite the loss of billions of dollars worth of forecast revenue and no new taxes.

The government will raid the public servants' superannuation fund, saying there is more than $10 billion in the fund than currently needed to meet its commitments.

The move has been slammed by former Treasurer Tim Nicholls and some economic experts who say it is borrowing from the future to pay for today.

Premier Annastacia Palaszczuk said the Government was focusing on innovation and infrastructure.

The Government has also set aside $225 million for its Advance Queensland fund, Townsville stadium will get an extra $40 million and $5,000 will be added to the new homebuyers grant for 12 months.

Chamber of Commerce and Industry Queensland spokesman Nick Behrens said the business community wanted to see a budget that delivered a surplus and had spending under control.
 


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