00:00On site to inject new life into Queensland health.
00:06We are powering ahead.
00:072,600 new beds will be rolled out across the state by 2032
00:13under the $18.5 billion expansion program.
00:17The former Labor government had planned for 2,200 new beds by 2028.
00:23A review finding the timeline and budget weren't feasible.
00:27Our plan provides realistic deadlines and realistic timeframes
00:31for the stage delivery of hospital beds.
00:34It includes 600 new beds at the Coomera Hospital by 2032,
00:40210 at Redcliffe Hospital,
00:43165 at Townsville Hospital by 2028,
00:47more than 500 at the new Toowoomba Hospital by 2029
00:51and the first stage of the new Bundaberg Hospital to come online in 2031
00:56with more than 200 beds.
00:58Amid the release of Queensland's hospital expansion timeline,
01:02the Treasurer has updated the state's books.
01:05Queensland's deficit has deepened this financial year.
01:09Now, almost $9 billion in the red.
01:13The $380 million blowout has been chalked up to factors,
01:17including new public sector wage agreements,
01:19the CFMEU Commission of Inquiry and support for the Mount Isa Copper Smelter.
01:25Coal royalty revenue is forecast to plunge in the coming years,
01:28but will be offset by increases in stamp duty revenue as home prices soar.
01:33The Treasurer ruling out any transfer duty reforms.
01:37In that home ownership space, we'll continue to do what we can,
01:41but at this stage there's no plans for any tax change.
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01:46.
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