The Queensland new financial year budget has been released!

With the release of the Queensland budget, some areas are already "sure winners", with housing, healthcare, education and infrastructure the biggest winners.

Social housing: The Queensland budget continues to support and drive housing demand, establishing a A$1 billion "Housing Investment Fund" to meet growing housing demand. Over the next four years, the Queensland budget will invest A$1.8 billion to increase the supply of social housing, upgrade existing homes, and provide housing services to the state's vulnerable groups.

Education facilities: A total education investment of A$16.8 billion is expected to improve existing education facilities and systems. By 2024, in addition to schools already planned, nearly A$1 billion will be invested to open 10 new schools over the next two years; a further A$350 million will support commercial and research institutions.

Environmental protection and new energy industries: An additional A$1.5 billion for Queensland's hydrogen and renewable resources research and development, nearly A$300 million invested in reef water quality improvement projects, and a further A$60 million for land restoration.

Health system: The budget announced the establishment of a A$2 billion hospital building fund to ease growing pressure on the health system. A$177 million will go towards patient care at an expanded Springfield hospital.

Regional Queensland infrastructure: The government will allocate 61.2% (A$14.7 billion) of the infrastructure works share to infrastructure development in remote regions.

Economy and employment: As the government created a large number of jobs for residents during the pandemic, the unemployment rate is expected to fall from 7% this financial year to 5% by June 2025. The government will invest A$140 million over the next four years in the "Back to Work" program.

Government revenue: Driven by improvements in transfer duty, employment and business recovery, Queensland's inflow of government surplus funds is expected to grow by 9.4% in 2021-22, with an average increase of 2.3% over the next three years.

Vaccine rollout: Investment in building more vaccination centres to raise the public's vaccination rate.