Queensland's Olympic build is being pitched as back on track, with the state budget locking in billions for 2032 Games venues and associated infrastructure.
Under the 2026/27 budget, the Liberal National government says all major competition venues and athletes' villages are now funded through to 2031/32 under a jointly funded intergovernmental agreement.
Treasurer Mr David Janetzki said the Games program was about more than two weeks of sport, arguing it would underpin "generational" infrastructure and services.
"Venues are funded, athletes' villages are funded in the budget," Mr Janetzki said.
"We've got record capex investment that we need, because Queensland – obviously the Games – but also the generational infrastructure that lies around it, roads and rails."
A new Brisbane Stadium at Victoria Park is the centrepiece, with work to start on what the government describes as a world‑class venue for 2032 and beyond.
The budget includes a $7.1 billion funding envelope for Olympic and Paralympic venues to 2031/32 under the intergovernmental deal.
It also includes $417 million for competition venues across the state, including upgrades at Barlow Park in Cairns, the Moreton Bay and Logan indoor sports centres, the Redland Whitewater Centre, Sunshine Coast Stadium and the Sunshine Coast Mountain Bike Centre, plus planning and design for a National Aquatic Centre.
Planning for athletes' villages on the Sunshine Coast, Gold Coast, Brisbane and Rockhampton steps up with $348 million in 2026/27 for detailed design.
The government says the villages will deliver a "once‑in‑a‑generation housing legacy" after the flame goes out.
Mr Janetzki stressed the Olympics build sat within a broader fiscal strategy focused on frontline services and cost‑of‑living relief, not cuts.
"If you've got expenses this year growing at 4.9 per cent and you've got revenue growing at 5.1 over the forward, that's appropriate budget management to get that balance right," Mr Janetzki said.
"And we're going to continue with the investment."
