Queensland Treasury’s primary role is to manage Queensland’s finances to best support the state’s growing economy.
Treasury advises government on the state’s fiscal and economic position and provides decision makers with a solid evidence base for policy development.
Each year, Treasury prepares the Queensland Budget, valued at around $50 billion. Treasury also reports on the state’s finances at mid-year review and at the close of the year with the Report on State Finances.
Queensland’s finances are managed in alignment with the government’s fiscal strategy.
Treasury delivers a broad range of economic services. We:
- produce, monitor and analyse Queensland economic data to determine economic patterns, trends, and the performance of key industries and sectors, including identifying potential risks to those industries
- conduct economic modelling and forecasting
- assess government initiatives, projects and policies
- provide advice to Cabinet and government agencies to inform economically sound policy development and inform Queensland Government strategies for economic development
- develop government policies and put in place economic regulatory frameworks that encourage a competitive and productive economy.
Treasury leads financial management across the Queensland Government and provides transparent financial and commercial advice to government to achieve better value-for-money for taxpayers.
At a national level, Treasury provides advice and analysis to government to ensure Queensland receives its fair share of federal funding in GST payments and other intergovernmental funding arrangements.