Category Archives: Budget

Interview with ABC Radio’s Steve Austin on “The time Australia’s Treasury almost ran out of money”

I had a nice chat with 612 ABC Brisbane’s Steve Austin last Friday morning regarding my time in the Australian Treasury, particularly during the financial crisis in 2008-09, and focusing on what he described as: The time Australia’s Treasury almost … Continue reading

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Moody Blues – guest post by Joe Branigan

I am delighted to publish a guest post by my old friend and former Treasury colleague Joe Branigan on the recent upgrade to the outlook for Queensland’s credit rating from Moody’s. GT Moody Blues by Joe Branigan Moody’s Investor Services … Continue reading

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Debbie hits Qld Budget, but QIC may help out Government by investing in Cross River Rail

Cyclone Debbie and the floods that followed have tragically resulted in the loss of at least five lives and have done billions of dollars’ worth of damage in Queensland and NSW. And through lower coal royalties (largely associated with an … Continue reading

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Higher royalties improve Qld budget bottom line, but work still needed on budget repair

As we have been expecting for some time, higher coal prices and thus royalties (see chart below) have translated into a much improved State Budget balance, with the Queensland Treasury now forecasting the biggest operating surplus ($2 billion) in a … Continue reading

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Qld Audit Office identifies risks to energy businesses from State debt reshuffle

In a report published today on Queensland’s government-owned energy businesses, the Queensland Audit Office has flagged risks associated with the Government’s debt reshuffle (on the debt reshuffle, see this QEW post from December last year). Here is the relevant extract … Continue reading

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Qld Audit Office gives scathing assessment of Government procurement

The Queensland Audit Office’s first report for the 2016-17 financial year is a scathing assessment of Government procurement practices, an assessment which should spur the State Treasury into action. After all, it is proverbial that, if you look after the … Continue reading

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Pets are good for your health, the Budget and the economy

Bondi Vet Dr Chris Brown has noted: “…pets make us happy. They wash away our worries while showing us how life should be lived. And pets are proven to also make us healthier.” Pets also have economic and budgetary impacts, … Continue reading

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