The new measures will help Unite and Recover for Queensland Jobs through the following priorities:
There will also be a key focus on harnessing innovation and ensuring productivity improvements drive the strength of the Queensland economy into the future.
This savings and debt plan will achieve savings by:
As the State emerges from COVID-19, the Queensland Government will ensure that public service agencies focus on core tasks that deliver a recovery as soon and as strong as possible. This will mean cutting back on non-essential activities and reviewing agency activities in order to make sure government is focused on what is important now.
All Government activity must be focused on the delivery of essential government services and the recovery of the Queensland economy, particularly sustaining, supporting and creating jobs.
Key elements of this strategy include:
This strategy will see the resources of the public sector marshalled and directed to where the future core business is, or needs to be.
As announced in the Mid Year Fiscal and Economic Review, the Government will create a Queensland Future Fund as part of reducing the State’s debt burden.
The Fund will be seeded with surplus funds from the defined benefit superannuation fund and other asset classes such as Queensland Government’s commercial land, commercial power or water infrastructure will be considered for inclusion.