Queensland Budget Supports Housing and Prisons, But Debt Continues to Grow

The LNP will make large investments into building new homes and dealing with youth crime.

Deputy Premier Jarrod Bleijie (L) and Premier David Crisafulli arrive to talk to media after being sworn in at Government House in Brisbane, Australia, on Oct. 28, 2024. AAP Image/Jono Searle

State Treasurer David Janetzki has delivered the first Liberal National Party (LNP) budget since 2014 with a focus on public service and safety, along with the 2032 Olympics.

But underscoring the budget is a forecast $190.4 billion (US$123 billion) of amassed debt expected by the 2027-28 financial year—a growth of $20 billion on the state’s existing tab.