Monthly Archives: August 2015

A longer-term perspective on the CAPEX plunge

In a comment on my post from last Friday, regular Queensland Economy Watch reader Jim pointed out that the plunge in capital expenditure (CAPEX) is simply returning Queensland to more normal rates of investment, as was completely expected. Jim suggested … Continue reading

Posted in Macroeconomy, Mining | Tagged , , , , , , | 3 Comments

Health, aged care & tourism will generate jobs in Qld at the end of the mining boom

At the end of the mining boom, as capital expenditure plummets (chart above) from an elevated level, and ten thousand new jobs expected in the Galilee basin now appear unlikely, it is probably not surprising that some commentators are getting … Continue reading

Posted in Labour market, Macroeconomy, Mining | Tagged , , , , , , , , , | 6 Comments

Unsurprising Townsville running out of water when Council is charging so little for it

Townsville City Council desperately needs some hard-headed economic advice, not just on the unwise Super Stadium project, but on water pricing, too. It is reported in today’s Townsville Bulletin that “TOWNSVILLE residents must dramatically reduce their water use if the … Continue reading

Posted in Environment, Townsville | Tagged , , , , , | 14 Comments

Upcoming ESA Qld event on family-based taxation featuring Senator Matt Canavan & Alex Robson

Equity is important for the design of tax systems. Equity involves treating similar people the same (i.e. horizontal equity), but also adjusting taxes to allow for differences in the ability to pay taxes and in the benefits that people receive … Continue reading

Posted in Tax | Tagged , , , , , , , | 5 Comments

More than half of Australian large businesses receiving government financial assistance of some type

Australian large businesses have proven themselves much better than smaller businesses at securing government financial assistance such as grants and tax concessions. Around 57 per cent of large businesses (i.e. 200+ employees) received some type of government financial assistance in … Continue reading

Posted in Industry policy | Tagged , , , , , , , , | 5 Comments

Independent schools right to be worried about GST broadening – parents already fee sensitive

Independent Schools Queensland (ISQ), which represents non-Catholic private schools, released an excellent discussion paper earlier this week prepared by Mikayla Novak on the impacts of broadening the GST to include education. The paper notes that, if GST were applied to … Continue reading

Posted in Education | Tagged , , , , , , , , | 2 Comments

Is the Queensland economy at a standstill?

I’m unsure if the Queensland economy is at a standstill, as suggested by the federal Treasurer Joe Hockey (see today’s Courier-Mail report), but, at best, it is moving slowly and sluggishly. This has meant the Queensland unemployment rate has remained … Continue reading

Posted in Housing, Macroeconomy, Tourism | Tagged , , , , | 2 Comments