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Author Archives: Gene Tunny
Big questions about Qld Chief Health Officer’s judgment – Premier needs to show leadership
Queensland’s border restrictions with ACT (and arguably with NSW, too) were always a huge over-reaction and the events of yesterday revealed their tragic consequences, with a young woman prevented from attending her father’s funeral, even though the risk of her … Continue reading
Posted in Health, Uncategorized
Tagged benthamism, chiefhealthofficer, economics, publicpolicy, qld, queensland, utilitarianism, valuejudgments
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Hollywood subsidies by Qld Gov’t kept hidden – Qld Right-To-Info process a huge joke
I’ve long argued that the current approach to assisting the film industry, focused on luring international film productions, is wasteful, doesn’t achieve any important public policy goals, and is politically motivated, so drab politicians can benefit from some Hollywood glamour. … Continue reading
Posted in Gold Coast, Industry policy, Queensland Government, Uncategorized
Tagged filmindustry, hollywood, industryassistance, qld, qldgovernment, screenqld
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ABC radio interview on COVID-19 Fiscal and Economic Review
Yesterday afternoon I had a great conversation with Steve Austin on his 612 ABC Brisbane Drive program regarding the state government’s budget update it published on Monday. We discussed the issues I covered in my post Woefully inadequate budget update, … Continue reading
Posted in Budget
Tagged coronavirus, covid-19, qic, qldbudget, qldfuturefund, qldtreasury, queensland, statebank
2 Comments
Woefully inadequate Qld budget update
We already knew the Queensland budget has deteriorated massively due to the COVID-crisis, so today’s state budget update was not surprising in terms of the huge fiscal deficits it announced, $9.3 billion in 2019-20 and $13.1 billion in 2020-21. Nor … Continue reading
Upcoming FACCI Federal Budget seminar on 9 October
On Friday 9 October, I’ll be facilitating a video conference for the French-Australian Chamber of Commerce and Industry (FACCI) on the 2020 federal budget, which looks to be in poorer shape as each day passes, with the ongoing stage 4 … Continue reading
Why the world needs economists – latest podcast episode
In my latest podcast episode, I explore what economists do and why the world needs them. I talk about the important roles that economists play in advising on government budget and economic policies and on the feasibility of specific projects, … Continue reading
Posted in Budget, Competition policy, Macroeconomy
Tagged banks, budget, economics, economists, feasibilitystudies, finance, google, government, hedgefunds, industry, infrastructure, policy, privatesector, programs, regulators, utilities
1 Comment
Qld Gov’t going for broke in COVID response
As well as confirming Australia is in a deep recession, with a 7% fall in GDP in June quarter, the National Accounts published by the ABS earlier today revealed Queensland state and local governments (mostly the state government) are spending … Continue reading
Posted in Budget
Tagged budget, coronavirus, covid-19, gdp, governmentspending, nationalaccounts, qld, queensland
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Deep recession to be quantified in June qtr National Accounts released tomorrow
Age/SMH Senior Economics Correspondent Shane Wright has written a great summary of the business indicators data released yesterday by the ABS: An economy like 2016 as sales and wages collapse. The business indicators data are pieces of the jigsaw puzzle … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, economy, gdp, jobkeeper, jobseeker, qld, queensland, wages
2 Comments
The Triumvirate’s Stratagem cannot stand – guest post by Joe Branigan
Thanks to my old friend and former Treasury colleague Joe Branigan for this guest post on the Queensland Government’s response to COVID-19. Views expressed are Joe’s and should not necessarily be attributed to me. GT The Triumvirate’s Stratagem cannot stand … Continue reading
Posted in Health, Macroeconomy
Tagged coronarvirus, covid-19, jobkeeper, jobseeker, publichealth, qld, qldeconomy, queensland, queenslandparliament
3 Comments
Mining & Ag have partly shielded several Qld regions from COVID shock
As shown in my post on the latest payroll jobs data from the ABS, the regions which have fared the best in Queensland since the COVID-related economic crisis began in March are Toowoomba and Central Queensland, likely due to the … Continue reading
Posted in Agriculture, Labour market, Mining, Toowoomba
Tagged abs, agriculture, coronavirus, covid-19, employment, jobs, mining, payrolljobs, qld, queensland, unemployment, victoria
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Queensland Economy Watch 