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Queensland Budgets

State budget analysis, key initiatives, and accountability tracking.

Fiscal trajectory across budgets

How each budget’s forecasts have tracked over time. Each line is a forecast vintage — the June Budget (dashed) and December mid-year review (solid) — with the audited actual (○) shown where the year has closed.

Net debt

General Government net debt, end of financial year.

$99B$49B$02021-222022-232023-242024-252025-262026-272027-282028-292029-302026-27 Budget 2026-27: $51.3B2026-27 Budget 2027-28: $69.0B2026-27 Budget 2028-29: $86.0B2026-27 Budget 2029-30: $98.1B2025-26 Budget 2025-26: $41.8B2025-26 Budget 2026-27: $61.6B2025-26 Budget 2027-28: $79.2B2025-26 Budget 2028-29: $93.2B2025-26 Mid-year 2025-26: $38.7B2025-26 Mid-year 2026-27: $59.3B2025-26 Mid-year 2027-28: $76.5B2025-26 Mid-year 2028-29: $89.4B2024-25 Budget 2024-25: $27.4B2024-25 Budget 2025-26: $40.6B2024-25 Budget 2026-27: $52.1B2024-25 Budget 2027-28: $59.8B2024-25 Mid-year 2024-25: $25.5B2024-25 Mid-year 2025-26: $48.3B2024-25 Mid-year 2026-27: $73.3B2024-25 Mid-year 2027-28: $98.8B2024-25 Actual 2024-25: $16.7B2023-24 Budget 2023-24: $16.2B2023-24 Budget 2024-25: $28.1B2023-24 Budget 2025-26: $37.6B2023-24 Budget 2026-27: $46.9B2023-24 Mid-year 2023-24: $14.7B2023-24 Mid-year 2024-25: $28.3B2023-24 Mid-year 2025-26: $38.0B2023-24 Mid-year 2026-27: $47.4B2023-24 Actual 2023-24: $5.7B2022-23 Budget 2022-23: $19.8B2022-23 Budget 2023-24: $27.6B2022-23 Budget 2024-25: $33.7B2022-23 Budget 2025-26: $39.2B2022-23 Mid-year 2022-23: $14.5B2022-23 Mid-year 2023-24: $23.2B2022-23 Mid-year 2024-25: $30.4B2022-23 Mid-year 2025-26: $36.8B2022-23 Actual 2022-23: $2.6B2021-22 Budget 2021-22: $24.8B2021-22 Budget 2022-23: $33.3B2021-22 Budget 2023-24: $39.0B2021-22 Budget 2024-25: $42.6B2021-22 Mid-year 2021-22: $17.5B2021-22 Mid-year 2022-23: $26.0B2021-22 Mid-year 2023-24: $31.7B2021-22 Mid-year 2024-25: $35.6B2021-22 Actual 2021-22: $11.0B
  • 2026-27 Budget
  • 2025-26 Budget
  • 2025-26 Mid-year
  • 2024-25 Budget
  • 2024-25 Mid-year
  • 2024-25 Actual
  • 2023-24 Budget
  • 2023-24 Mid-year
  • 2023-24 Actual
  • 2022-23 Budget
  • 2022-23 Mid-year
  • 2022-23 Actual
  • 2021-22 Budget
  • 2021-22 Mid-year
  • 2021-22 Actual
Net operating balance

General Government operating balance (deficit below zero).

$14B$2B-$9B2021-222022-232023-242024-252025-262026-272027-282028-292029-302026-27 Budget 2026-27: -$6.2B2026-27 Budget 2027-28: -$3.3B2026-27 Budget 2028-29: -$2.0B2026-27 Budget 2029-30: $619M2025-26 Budget 2025-26: -$8.6B2025-26 Budget 2026-27: -$5.9B2025-26 Budget 2027-28: -$4.3B2025-26 Budget 2028-29: -$1.1B2025-26 Mid-year 2025-26: -$9.0B2025-26 Mid-year 2026-27: -$6.3B2025-26 Mid-year 2027-28: -$4.8B2025-26 Mid-year 2028-29: -$1.0B2024-25 Budget 2024-25: -$2.6B2024-25 Budget 2025-26: -$515M2024-25 Budget 2026-27: $887M2024-25 Budget 2027-28: $2.0B2024-25 Mid-year 2024-25: -$4.9B2024-25 Mid-year 2025-26: -$6.9B2024-25 Mid-year 2026-27: -$9.2B2024-25 Mid-year 2027-28: -$9.2B2024-25 Actual 2024-25: -$4.4B2023-24 Budget 2023-24: -$2.2B2023-24 Budget 2024-25: $135M2023-24 Budget 2025-26: $206M2023-24 Budget 2026-27: $377M2023-24 Mid-year 2023-24: -$138M2023-24 Mid-year 2024-25: $122M2023-24 Mid-year 2025-26: $91M2023-24 Mid-year 2026-27: $621M2023-24 Actual 2023-24: $1.7B2022-23 Budget 2022-23: -$1.0B2022-23 Budget 2023-24: -$1.1B2022-23 Budget 2024-25: $137M2022-23 Budget 2025-26: $183M2022-23 Mid-year 2022-23: $5.2B2022-23 Mid-year 2023-24: -$458M2022-23 Mid-year 2024-25: $123M2022-23 Mid-year 2025-26: $220M2022-23 Actual 2022-23: $13.9B2021-22 Budget 2021-22: -$3.5B2021-22 Budget 2022-23: -$2.4B2021-22 Budget 2023-24: -$968M2021-22 Budget 2024-25: $153M2021-22 Mid-year 2021-22: -$1.492B2021-22 Mid-year 2022-23: -$2.397B2021-22 Mid-year 2023-24: -$559M2021-22 Mid-year 2024-25: $158M2021-22 Actual 2021-22: $4.3B
  • 2026-27 Budget
  • 2025-26 Budget
  • 2025-26 Mid-year
  • 2024-25 Budget
  • 2024-25 Mid-year
  • 2024-25 Actual
  • 2023-24 Budget
  • 2023-24 Mid-year
  • 2023-24 Actual
  • 2022-23 Budget
  • 2022-23 Mid-year
  • 2022-23 Actual
  • 2021-22 Budget
  • 2021-22 Mid-year
  • 2021-22 Actual
Total government debt

Total state (Non-financial Public Sector) borrowings, end of financial year.

$216B$108B$02021-222022-232023-242024-252025-262026-272027-282028-292029-302026-27 Budget 2026-27: $162.6B2026-27 Budget 2027-28: $183.7B2026-27 Budget 2028-29: $202.1B2026-27 Budget 2029-30: $216.5B2025-26 Budget 2025-26: $147.8B2025-26 Budget 2026-27: $170.5B2025-26 Budget 2027-28: $190.4B2025-26 Budget 2028-29: $205.7B2024-25 Budget 2024-25: $124.7B2024-25 Budget 2025-26: $143.6B2024-25 Budget 2026-27: $159.9B2024-25 Budget 2027-28: $172.0B2023-24 Budget 2023-24: $110.6B2023-24 Budget 2024-25: $122.2B2023-24 Budget 2025-26: $133.8B2023-24 Budget 2026-27: $147.0B2022-23 Budget 2022-23: $110.8B2022-23 Budget 2023-24: $116.7B2022-23 Budget 2024-25: $123.0B2022-23 Budget 2025-26: $128.6B2021-22 Budget 2021-22: $106.6B2021-22 Budget 2022-23: $116.2B2021-22 Budget 2023-24: $122.8B2021-22 Budget 2024-25: $127.5B
  • 2026-27 Budget
  • 2025-26 Budget
  • 2024-25 Budget
  • 2023-24 Budget
  • 2022-23 Budget
  • 2021-22 Budget
Fiscal balance

General Government fiscal balance — operating result plus net capital spending (deficit below zero).

$0-$9B-$18B2021-222022-232023-242024-252025-262026-272027-282028-292029-302026-27 Budget 2026-27: -$15.3B2026-27 Budget 2027-28: -$15.0B2026-27 Budget 2028-29: -$14.3B2026-27 Budget 2029-30: -$10.7B2025-26 Budget 2025-26: -$17.6B2025-26 Budget 2026-27: -$17.5B2025-26 Budget 2027-28: -$15.9B2025-26 Budget 2028-29: -$11.7B2024-25 Budget 2024-25: -$10.8B2024-25 Budget 2025-26: -$9.5B2024-25 Budget 2026-27: -$7.3B2024-25 Budget 2027-28: -$4.1B2023-24 Budget 2023-24: -$6.7B2023-24 Budget 2024-25: -$7.3B2023-24 Budget 2025-26: -$6.0B2023-24 Budget 2026-27: -$5.3B2022-23 Budget 2022-23: -$5.6B2022-23 Budget 2023-24: -$5.6B2022-23 Budget 2024-25: -$5.0B2022-23 Budget 2025-26: -$4.0B2021-22 Budget 2021-22: -$8.0B2021-22 Budget 2022-23: -$6.4B2021-22 Budget 2023-24: -$3.6B2021-22 Budget 2024-25: -$2.1B
  • 2026-27 Budget
  • 2025-26 Budget
  • 2024-25 Budget
  • 2023-24 Budget
  • 2022-23 Budget
  • 2021-22 Budget

Queensland State Budgets

2026-27 Queensland Budget

Crisafulli Government · Treasurer The Honourable David Janetzki MP

-$6.2B
operating balance
101 initiatives tracked·Handed down 2026-06-23

2025-26 Queensland Budget

Crisafulli Government · Treasurer The Honourable David Janetzki MP

-$8.6B
operating balance
87 initiatives tracked·Handed down 2025-06-10·+ mid-year review & state finances

2024-25 Queensland Budget

Miles Government · Treasurer The Honourable Cameron Dick MP

-$2.6B
operating balance
105 initiatives tracked·Handed down 2024-06-11·+ mid-year review & state finances

2023-24 Queensland Budget

Palaszczuk Government · Treasurer The Honourable Cameron Dick MP

-$2.2B
operating balance
125 initiatives tracked·Handed down 2023-06-13·+ mid-year review & state finances

2022-23 Queensland Budget

Palaszczuk Government · Treasurer The Honourable Cameron Dick MP

-$1.029B
operating balance
50 initiatives tracked·Handed down 2022-06-21·+ mid-year review & state finances

2021-22 Queensland Budget

Palaszczuk Government · Treasurer The Honourable Cameron Dick MP

-$3.485B
operating balance
59 initiatives tracked·Handed down 2021-06-15·+ mid-year review & state finances

Federal Budget Impact on Queensland

Federal Budget 2026-27

How the Australian federal budget affects Queensland. Key measures, QLD-specific allocations, and related state legislation.