Analysis
26 Jun 2025
5 minute read
Queensland Budget 2025-26
A cautious and predictable first budget
June 2025
The first Budget of a new Government is important in laying the foundation for how it wants to be perceived by the community and business. The 2025/26 Queensland Budget should be seen as cautious and predictable, with many risks remaining on the table.
The Crisafulli Government continues many short-term measures inherited from the previous Government whilst introducing some long-term measures for Queensland in line with its election commitments such as on crime and safety, energy, infrastructure, regional development and the Olympics. The result is that the Budget projects a $8.6 billion operating deficit, and no sign of return to surplus in the forward estimates.
Previous editions
Claire Ibrahim
Deloitte - Australia
Claire is a Partner in Deloitte Access Economics’ economic analysis and public policy team with expertise in microeconomic analysis, economic scenario modelling and public policy reform agendas. Prior to joining Deloitte, Claire worked in the Queensland public sector focusing on economic and fiscal policy development. Claire is passionate about using economics to answer how structural change impacts society – leading projects across governments, the private sector and Australia’s major institutions. Claire’s body of research and analysis for clients focuses on economic transition, disruption to industry and the policy settings that minimise downside risks, while catalysing long-term economic gains.
Dr Pradeep Philip
Deloitte - Australia
Pradeep is the Lead Partner for Deloitte Access Economics. He has had a long and successful career in public policy, with deep expertise in economics and proven leadership experience. Pradeep has been a senior bureaucrat, working at the highest levels of public policy, across three jurisdictions in Australia. Pradeep’s experience includes: Director of Policy in the Prime Minister’s office, Secretary of the Department of Health and Human Services in Victoria, CEO of LaunchVic – a company established by the Victorian Government to promote start-ups and entrepreneurship – and Associate Director General of the Department of Premier and Cabinet in Queensland. He holds a PhD in Economics and Bachelor of Economics (Hons) from the University of Queensland.
