Monthly Archives: May 2016

Cross River Rail equals mega-project equals mega-risk

Shadow Assistant Treasurer Andrew Leigh is a very good economist, so I hope he is encouraging his colleagues to wait for and fully scrutinise the Cross River Rail business case being delivered in June, before the Federal Opposition commits to … Continue reading

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Targeting infrastructure spending as a % of GSP won’t work – Guest post by Joe Branigan

Again, I am delighted to publish a guest post from my good friend and former Treasury colleague Joe Branigan. The usual disclaimer applies, that the views expressed in this article are Joe’s and should not necessarily be attributed to me. … Continue reading

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FACCI thriving in time of greater French-Australian economic cooperation

The recent awarding of the $50 billion submarine contract to French firm DCNS was greeted enthusiastically by members of the French-Australian Chamber of Commerce and Industry (FACCI), which is doing terrific things around town and running some excellent events. For … Continue reading

Posted in Education, Mining, Uncategorized | Tagged , , , , , , , , , , , | 7 Comments

Don’t miss 16 June Brisbane speech by RBA Deputy Governor Philip Lowe, the Bank’s next Governor

At a lunchtime event at Tattersall’s Club in Brisbane yesterday, after he predicted another interest rate cut this year in either June or August, Dr Chris Caton, BT’s Chief Economist, noted that “Interest rate changes are like cockroaches.” That is, … Continue reading

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Government ownership of QIC becoming less appropriate every day

The Queensland Treasurer’s media release yesterday regarding QIC’s purchase of a large stake in a Northern Australian cattle business should have raised eyebrows: Treasurer Curtis Pitt has welcomed today’s announcement that the Queensland Government’s investment manager, QIC, will acquire 80 … Continue reading

Posted in Agriculture, Uncategorized | Tagged , , , , , | 2 Comments

Could we cope with two Federal Budgets in one year?

Michael Roche, QRC CEO, and I at Jade Buddha for the Resources Roundup At the QRC Resources Roundup at Jade Buddha, Brisbane CBD on Wednesday afternoon, after I provided my thoughts on the 2016-17 Budget, I was asked whether there … Continue reading

Posted in Budget, Mining, Uncategorized | Tagged , , , , , , , , , , , | 4 Comments

“Responsible economic management & fiscal restraint”-really?

The 2016-17 Budget is very disappointing, but economists and former Treasury officials were always going to be disappointed in an election year. It is also a Budget that is particularly disappointing to the Queensland Government, due to a lack of … Continue reading

Posted in Budget, Uncategorized | Tagged , , , , , , , , | 6 Comments

Go Qld campaign moves on to attack payroll tax and penalty rates

The Courier-Mail’s terrific “Go Queensland” campaign has today moved on to the issues of payroll tax and penalty rates, both of which I covered in my paper for the Jobs Growth Summit last week (see related post). I am quoted … Continue reading

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Exciting week for economy watchers: State of the States, a possible rate cut, and the Budget

CommSec’s latest State of the States Report is out today, and, while I think its placement of Queensland in around the middle of Australia’s States and Territories (5th out of 8) is reasonable, I have some sympathy for Queensland Treasurer … Continue reading

Posted in Budget, Housing, Infrastructure, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , , | 2 Comments