Wednesday, 12 September 2012

No surprises for agriculture in 'no frills' Queensland Budget

Queensland's Liberal National Party Government has delivered its first Budget.

Mining royalties and the gambling tax will rise and stamp duty on properties worth over $1 million will also increase.

Natural disaster reconstruction work will peak this year, with $1.9 billion being spent on road works.

10,600 public servants will be made redundant as the government sheds 14,000 staff.

Treasurer Tim Nicholls says the Budget will return the state to an operating surplus in 2013-14.

Sugar lobby group Canegrowers has welcomed what it says is the Newman Government's renewed Budget focus on agriculture, research and development.

CEO Steve Greenwood says the industry always knew the Budget would be tight, but it does appreciate the government honouring key pre-election commitments.

AgForce's incoming president Ian Burnett says the increase in stamp duty for properties worth more than $1 million wasn't especially welcome and the lack of other big funding announcements was expected.

"We are one of the pillars, we're looking for agriculture to expand, but we understand and support that finances have to get back on track first."

The Queensland Farmers Federation says the budget shows a step toward positive reform for the agricultural sector, but also serves as the opportunity for the LNP to now show a more substantial plan for the farmers of Queensland.

The horticulture industry is taking its time to examine the details of the Budget before making comment.

Fishing industry representatives also asked for more time to consider the details before commenting on the commitment to spend $10 million over two years to safeguard marine resources.
Original Article Here

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