Opposition Leader Deb Frecklington said the budget was
Opposition Leader Deb Frecklington said the budget was "a Budget of taxes, debt and unemployment”. Tom Gillespie

Budget labeled a 'Labor specialty of taxes and debt'

A 'TYPICAL Labor budget of taxes and debt' is how the LNP has described Jackie Trad's first effort as treasurer.

Responding to the Palaszczuk Government's fourth and Ms Trad's first budget, Opposition Leader Deb Frecklington said it would damage Queensland.

"This is a Budget of taxes, debt and unemployment," she said.

"Five new taxes, an $83 billion debt bomb and the worst unemployment rate in Australia is Labor's plan for Queensland.

"Labor has played to its strengths in this Budget - taxing Queenslanders and drowning them in debt."

Ms Frecklington said five new taxes would see $2.2 billion ripped from the pockets of Queenslanders and shoved in the government's coffers.

"This is an obscene tax grab and a massive breach of trust by Annastacia Palaszczuk," she said.

"Labor took to the election a plan for four new taxes to raise $491 million.

"We now learn it is five taxes and four new fees to raise a whopping $2.25 billion, including a monstrous tax grab of $1.3 billion for their new waste tax."

Ms Frecklington said Labor's debt trajectory "would burden Queensland for the next generation".

"Queensland's debt bomb will increase to a record $83 billion in the next four years as Treasurer Jackie Trad slaps more money on the taxpayer's credit card," she said.

"We have nothing to show for massive royalty hauls from the state's resources sector because they are being tipped into the black hole of Labor's debt.

"The record debt means funds that could be going to our schools, hospitals or frontline services will instead be sucked into feeding Labor's binge on debt."

Ms Trad has said borrowing was essential to fund Queensland's infrastructure needs.

LNP Deputy Leader and Shadow Treasurer Tim Mander said Queensland's interest bill was costing the state's economy $3.7 billion a year.

"There is no quick fix for a debt of this size," he said.

Ms Frecklington said her reply to the budget on Thursday would "outline the LNP's plan to build a better future for 5 million Queenslanders".