The Budget strategy and outlook provides the context and background of the Queensland Budget. This includes the Government’s fiscal and economic plan, key priorities, an overview of revenue and expenses and the financial statements for the Queensland Government as a whole.

Facing record public debt and mounting spending pressures, OECD countries must look beyond traditional tools to secure fiscal sustainability: it can no longer be achieved without public buy-in. This report highlights that empowering public understanding is now an essential component of modern budgeting. It outlines a strategy based on four pillars.

Forty years after Paul Keating’s famous warning that Australia risked becoming a “banana republic”, this paper argues the country is once again drifting towards economic decline through rising government spending, protectionism and an abandonment of the reform spirit that transformed Australia in the 1980s.

The overview outlines the economic and fiscal outlook, and key initiatives for the 2026-27 Budget year. The Budget delivers cost of living relief for Western Australians, and continues to deliver on the priorities of housing, health and jobs. Despite geopolitical and economic uncertainty across the world, Western Australia's economy remains the strongest in the nation.

The world is facing a second energy crisis in four years. This report recommends the government act urgently to mitigate the risk of war in Iran from causing long-term damage to the United Kingdom economy and public finances. It explores how an intervention that caps energy prices can limit inflation and insure against the worst...