Queensland Treasurer Curtis Pitt has presented a second state budget projecting a $600 million surplus, but this surplus is not expected to materialize until after the next state election. The budget prioritizes repairing the state’s balance sheet and controlling debt, although growth in debt is still anticipated. A significant factor contributing to the uncertainty is the unclear cost of major infrastructure projects currently planned. While the budget indicates fiscal responsibility, the timing of the surplus and the scale of future infrastructure spending remain key points of contention. The government aims to reduce debt while investing in essential services, but details on large-scale projects are limited. Opposition parties are likely to scrutinize the budget’s projections and the lack of clarity surrounding infrastructure costs. This budget sets the stage for economic debate leading up to the next election.