Queensland’s 2023 budget likened to Robin Hood
Luke is joined by Queensland Shadow Treasurer David Janetzki, for his reaction to the Queensland budget released yesterday which has been likened to Robin Hood, for redistributing funds from mining companies to support Queenslanders in need.
Treasurer Cameron Dick unveiled the state budget, funded by increased coal taxes on mining companies. The Courier Mail reports that electricity costs will be greatly reduced for vulnerable Queenslanders, and all households can expect a $550 reduction in their power bills.
The government also plans to spend $89 billion on infrastructure projects until mid-2027, despite rising construction costs. A significant $15.3 billion windfall in coal royalties has resulted in a temporary surplus, which will turn into an expected deficit next year.
According to the Courier Mail’s editorial, the budget reflects the impact of April’s polling conducted by YouGov. The polling highlighted the importance of cost of living, housing affordability, youth crime, and healthcare to Queenslanders. The opposition party has been perceived as better suited to address these issues, so in response, Premier Palaszczuk reshuffled her cabinet and prioritized easing cost of living pressures to regain public trust.
Download this podcast here