Hawker Britton Occasional Papers and Media

Queensland Budget 2007-2008

5th June, 2007

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This afternoon Queensland's Treasurer, Anna Bligh, brought down the Beattie Government's 10th Budget, a budget she declared "will keep our economy strong, fair and prepared"¹ . This Hawker Britton Occasional Paper aims to give a brief outline of some of its highlights.

Headline Statistics
Queensland Future Growth Fund

Using the proceeds of the sale of electricity and gas retails business, the Government established the $3 billion Queensland Future Growth Fund. The fund will provide:

Infrastructure Spending

Including previously announced spending, the 2007-08 Queensland Budget commits to $14 billion worth of capital spending. Most notably:

Taxes

The Government is emphasising the existing competitive rates of taxation, arguing that in Queensland, per person, taxes are $131 lower than the average for other states and territories. New announcements include:

For more information on the budget you can visit www.budget.qld.gov.au or contact your Hawker Britton consultant.

¹ Appropriation Bill 2007 Pg. 1 Second Reading Speech, 5 June 2007

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