Queenslanders, sign up for Brisbane Holiday Dollars lottery

The Brisbane Holiday Dollars voucher program is a tiny stimulus from a macroeconomic perspective, representing only $3 million of state government funding at the most, but businesses dependent on tourism need all the help they can get given all the COVID-related travel restrictions and the ever-present threat of snap lockdowns.

Normally, I’d be highly critical of this type of measure as a waste of money, but these are not ordinary times. Indeed, I spoke approvingly of targeted state government assistance to tourism-dependent businesses in my remarks to the Queensland Parliamentary Inquiry into the state’s economic response to COVID last year. Note also that Griffith Professor Fabrizio Carmignani noted vouchers can deliver better bang-for-buck than other types of stimulus measures when I interviewed him for my Economics Explored podcast earlier this year (check out Fiscal Stimulus with Fabrizio Carmignani).

Credit to the state government for making it easy to register for the lottery for the $100 vouchers. The vouchers are intended to cover half the costs of eligible activities (e.g. Story Bridge climb or staying in a local hotel). If you’re a Queenslander, make sure you sign up for the draw via the link above. You have until just before midday this Friday to register. A Whitsunday Holiday Dollars program will be open for registrations from 4 May, and the government has already provided vouchers for travel to Cairns.

CityCat on the Brisbane River with 1 William St, the Queensland Government Tower of Power, in the background on the north bank of the river. Photo by Jennifer Tunny.

Please feel free to comment below. Alternatively, you can email comments, questions, suggestions, or hot tips to contact@queenslandeconomywatch.com.

This entry was posted in Brisbane and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s