Queensland continues to tackle the coronavirus pandemic head on with no new cases announced today, but the impact on the state’s bottom line is not so healthy, with the Treasurer revealing a $4 billion hit to revenue.
State’s Balance Sheet is not so healthy, in medical terms that’s equivalent to a coronary. If we don’t watch it, it will flat line
- Full budget may not be delivered before October state election
- $4b in lost revenue from payroll and tax exemptions announced today
Mr Miles said if enough people use the new Federal Government app, restrictions could be wound back further
Queensland Treasurer Jackie Trad should have been handing down her pre-election budget today, but it was deferred as authorities grappled with the economic fallout from coronavirus restrictions.
Ms Trad said the downturn of revenue, from sources like payroll and tax exemptions, was “in the vicinity” of $4 billion.
Unemployment is also tipped to reach double digits.
While there had been strong demand for Queensland’s resources in recent months, Ms Trad said it would not be able to pull the state out of its overall economic downturn.
Trad can’t see Queensland pulling out of a recession is the reality here. The sooner this crowd is gone the better.
“It’s not going to be enough to make up for a decline in GST or a decline in the stamp duty from the purchasing of new properties,” she said.
Ms Trad said she needed to get through the next two “significant” quarters and would provide a full set of financial details in the coming months in lieu of a full budget.
“It is absolutely our intention to be able to deliver a full set of financial statements — a mini-budget or a budget whatever is possible for us to do so.”
Ms Trad said her plan was in line with other states and the Commonwealth.
“The federal budget has deferred their budget until mid-October … and every other jurisdiction has deferred their budget,” she said.
“No one has named a date yet.”
Premier Annastacia Palaszczuk said the Government is looking at a “staged approach” to reopening the economy.
“We’ve got a very clear path to recovery,” she said.
“It really depends on the epidemiology we’re going to see over the next couple of weeks.”
Ms Palaszczuk said downloading the Federal Government’s tracing app was integral to the timeline.
“The more families that sign up the greater ability we have to open up more of Queensland and get the economy moving,” she said.
Opposition Leader Deb Frecklington said there was no excuse for not delivering a full budget and accused the Government of trying to “avoid scrutiny”.
“Now more than ever we need a fiscal and economic plan,” she said.
“All the Palaszczuk Government is interested in is hiding from their own failures.”
‘Another zero day for Queensland’
Only 13 people were known to have fallen ill with COVID-19 in the past week, bringing the state’s active cases to 93, Health Minister Steven Miles said.
Of the 1,033 cases recorded since the pandemic began, 934 people have recovered and 14 remain in hospital.
“This is another zero day for Queensland, and my favourite days are zero days,” he said.
Mr Miles added that if enough people download the app, “it will help us continue to control COVID-19 without the harsh restrictions that we have needed so far.”
Meanwhile, specialist thermal imaging cameras, which take a person’s temperature in just a few seconds, will also start operating at the main entries of Brisbane’s Wesley and St Andrew’s Hospitals in Brisbane.
The cameras have already been installed at St Stephen’s in Hervey Bay and Buderim Private Hospital, which were among the first in the state to implement the technology.
Buderim Private general manager Karen Clark said anyone walking through the door would be checked.
“The person needs to be 3 metres away from it and it actually checks to ensure that they’re under 37.4 degrees Celsius,” Ms Clark said.
Is ‘Another zero day for Queensland’referring to the number of Coronavirus cases or the revenue stream? I hope it’s all worth it?