About 130,000 Queenslanders have lost their jobs or had their hours drastically cut through forced business closures, treasury officials estimate.
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Most of those people work in shops, restaurants, theatres, bars, cafes, live music venues and galleries.
State government officials estimate 20,000 businesses have been directly affected by the COVID-19 restrictions, while roughly 166,000 have shown interest in the federal government's JobKeeper program.
Jobs in Queensland have dropped by five per cent, data collected by the Australia Bureau of Statistics in March shows.
That compares with a six per cent drop across the country.
"While our health response to the singular objective of flattening the curve has been world-leading, the economic impact of widespread restrictions has been nothing short of devastating," Treasurer Jackie Trad told parliament on Wednesday.
The state government has announced $4 billion in funding for health and industry initiatives.
Some of that money has gone towards lifting the capacity of intensive care units and additional paramedics, and paying for 12-month interest-free loans up to $250,000 per business.
In the past month, 1,400 loans totalling $206 million have been approved.
About 11,400 Queensland businesses have received a payroll tax refund or payment holiday, totalling $311 million.
More than two million households will get a $200 rebate on their power bill.
Australian Associated Press
