Category Archives: Budget

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 , , , , , , , | 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

Posted in Budget | Tagged , , , , | Leave a comment

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

Posted in Budget | Tagged , , , , | Leave a comment

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 , , , , , , , , , , , , , , , | 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 , , , , , , , | Leave a comment

The Deficit Myth and Modern Monetary Theory – latest podcast episode

I’ve recorded some thoughts on Stephanie Kelton’s best-selling book The Deficit Myth which is popularising so-called Modern Monetary Theory: The Deficit Myth and Modern Monetary Theory – initial views In my recorded conversation with my Adept Economics colleague Ben Scott, … Continue reading

Posted in Budget, Macroeconomy | Tagged , , , , , , , , , , , , , , , , , , , , | 2 Comments

GST & Vertical Fiscal Imbalance video

The Update on Queensland’s fiscal position media release from state Treasurer Cameron Dick last Thursday noted “over the 2019-20 and 2020-21 financial years, GST receipts to Queensland will be cut by up to $2.5 billion compared to our MYFER [Mid … Continue reading

Posted in Budget, Tax | Tagged , , , , , | Leave a comment

ABC radio interview on Qld state debt & deficits update

At the Parliamentary Inquiry into the Queensland Government’s economic response to COVID-19 on Monday last week, I called for the Government to publish its internal-use estimates of the state budget position and debt, so we don’t have to wait until … Continue reading

Posted in Budget | Tagged , , , , | Leave a comment

Australia’s upcoming mini-Budget

Australian Treasurer Josh Frydenberg will hand down a mini-Budget this Thursday, and it’s coming just in time, given the growing concern over the spread of COVID-19 in Victoria and NSW. I recorded a video earlier today with some thoughts on … Continue reading

Posted in Budget, Uncategorized | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

State gov’t economic responses to COVID-19 podcast episode

In my latest podcast episode, I elaborate on my opening remarks to the Queensland Parliamentary Inquiry on the state government’s economic response to COVID-19 on Monday. Among other things, I mention Joe Branigan and Henry Ergas’s new Menzies Research Centre … Continue reading

Posted in Budget, Infrastructure, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , | Leave a comment