The Queensland State budget delivered on Tuesday by the Palaszczuk Government will see $173 million go towards funding for the arts.

Premier and Arts Minister Annastacia Palaszczuk said that the money will go towards the overall investments of the arts for the future, as well as introducing a range of initiatives such as protecting the heritage value of Queensland’s cultural institutions.

The government will provide a state contribution of $172.8 million in 2015-16 to the operating expenses of the Arts Portfolio including the arts statutory bodies – Queensland Museum, Queensland Art Gallery and Gallery of Modern Art (QAGOMA), Queensland Performing Arts Centre, Screen Queensland and Queensland Theatre Company.

The Premier said Brisbane’s Cultural Precinct would receive an essential upgrade to support the significant tourism and economic returns it generates for Queensland.

“Over the next four years, an additional $28 million will be allocated to the Cultural Precinct to replace and renew essential services, including power supply, generators, climate control, and water systems,” the Premier said.

“It’s crucial that the Cultural Precinct, with some of its buildings and critical infrastructure now more than 30 years old, and recognised last month for its cultural heritage significance, can meet modern safety, security and accessibility standards.”

Ms Palaszczuk said $5.1 million over the next four years would go towards an exciting new program, Queensland Arts Showcase, to be rolled out through three streams.

The Budget will also include $1.7 million for QAGOMA to support an exhibition program during its 10th anniversary celebrations.

“QAGOMA’s top 10 exhibitions since opening have contributed more than $100 million to the Queensland economy, and we want to ensure it continues to attract exclusive exhibitions,” she said.

Ms Palaszczuk said $11.2 million over the next four years would safeguard programs slated to end in 2014-15  and will provide some additional support for the small to medium sector through continuation of the Backing Indigenous Arts initiative and the Visual Arts and Craft Strategy.