The new Queensland state budget for the financial year is out!

With the release of the Queensland Budget, several sectors have already come out ahead, with housing, healthcare, education and infrastructure being 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 needs. Over the next four years, the Queensland Budget will invest A$1.8 billion to increase the supply of social housing, upgrade existing dwellings, and provide housing services to the state's vulnerable groups.

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

Environmental protection and new energy industries: An additional A$1.5 billion will go towards Queensland's hydrogen and renewable resources research and development, with 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 the growing pressure on the health system. A$177 million will go towards patient care at the expanded Springfield Hospital.

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

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 contribute A$140 million over the next four years to the "Back to Work" program.

Government revenue: Driven by improved transfer duty, employment and business recovery, Queensland's government revenue 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 increase the public's vaccination rate.