Queensland Budget 2025

Streamlining the ex-gratia relief system and “revenue protection” measures for the duty and land tax surcharges will be of interest to foreign property-holding taxpayers, as discussed by Dorian Beaver, Alex Pringle and Bella Hammond.

Queensland State Treasurer David Janetzki, on 24 June 2025, delivered the state budget for the newly elected government. The Budget forecasts a deficit of $8.5 billion for FY26, with no surplus expected in the following four years – driven by a new GST distribution, and declining royalties since the peaks of FY22 and FY23. Key spending measures include substantial spending in the health sector, and a hefty $7.1 billion provision over seven years for upcoming 2032 Brisbane Olympics. T...

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Authors: Dorian Beaver, Alex Pringle,

Published Date: 25 June 2025