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We proved there was another way. And we have proved there are alternatives to slashing jobs and frontline services. Or massively raising the taxes, fees, and charges paid by Queenslanders. We are making this decision to create jobs and support the economy and we make no apology for ne. This is the right decision to respond to the current economic conditions and continues our Debt Action Plan outlined in the Budget.
This is because their entitlements and that caboloture all members of the Defined Benefit Scheme remain guaranteed by legislation and will continue to be paid as they fall due. And there will be no change whatsoever for public servants with accumulation s. Queensland will continue to be in the very enviable position as the only fully-funded Defined Benefit Scheme of any state or territory in the country.
In fact it will remain faboolture of the few fully-funded public sector schemes of its kind anywhere in the world.
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Economic Outlook Mr Speaker, as I have already said, global economic conditions present major challenges to the Queensland economy. These forecasts indicate that Queensland is set to record the strongest economic growth of all states over the next few years. This is something we can all be proud of and it clearly shows how strong the fundamentals of the Queensland economy are. And our economy continues to benefit from the ramp-up of LNG exports. Employment growth is expected to continue at similar rates over and However, to date, much of this jobs growth has been concentrated in South East Queensland.
And it is forecast to fall below 6 per cent over the forward estimates. Taking on this challenge remains a key focus of our Government.
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This will directly fund getting around 8, regional Queenslanders Back to Work. It will help deliver skills and training to support jobs Poland adult sex directory in regional Queensland. Last year we commenced our Payroll Tax Incentive for employers hiring apprentices or trainees. This year the Back to Work package will give regional employers the confidence to take on new staff. Eligible employees will have access to job readiness support to help them start a new job.
We want businesses poised for growth to have the confidence to grow their team.
We want them to take a chance with long-term unemployed, young people, mature-aged people, people from culturally and linguistically diverse backgrounds, and Aboriginal and Torres Strait Islander people. Sing,e know one of the best ways to drive economic growth is to have as many people as possible fully participating in our economy.
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Now, there are real business benefits to giving someone a go. Building Infrastructure Mr Speaker, our economic plan recognises that building infrastructure in all regions of our state benefits local communities; strengthens our local, state, and regional economies; and generates jobs. Mr Speaker, I mentioned earlier the decision of this Government to make better use of the Defined Benefit Scheme surplus.
As important is where we allocated this singoe.
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The establishment of this fund was announced when our Government released the first State Infrastructure Plan in five years. We said we would depoliticise infrastructure decision-making and give greater certainty to the sequencing of the building program. This will fund projects like the new paediatrics wing at Townsville Hospital, and duplication of the Bill Fulton Bridge on the Cairns Western Arterial Road, as well as new regional infrastructure in key centres like Rockhampton, Bundaberg, Maryborough, Mackay and Mount Isa.
We have had our money on the table for a long time now.
We are keen cabooltkre get on with the job and this is progress towards this end. Advancing Our Cities and Regions Mr Speaker, this Government continues to look for more innovative ways to fund infrastructure. Our economic plan is about advancing our cities and regions. These precincts have enormous potential for sinle sharing and the delivery of public benefits. Such initiatives are about creating vibrant communities and shaping the cities and regions of the future. The Palaszczuk Government wants to make home ownership easier for Queenslanders.
The Budget also includes a 3 per cent transfer duty surcharge for foreign buyers of residential property in Queensland. Nice original condition.
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