Category Archives: Budget

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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Makin and Pearce confirm urgency of Budget repair in Conference of Economists paper

At the Australian Conference of Economists in Adelaide this week, Griffith University Economics Professor Tony Makin and ESA Qld Vice President Julian Pearce will present a very interesting paper titled Fiscal Consolidation and Australia’s Optimal Public Debt. Tony and Julian … Continue reading

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To protect AAA, Federal Government needs to control age pension and manage the Force from the North

What an extraordinary week it has been! We began the week with no clear election winner and the prospect of a hung parliament, and now we end it with the strong likelihood the Government is back with a majority of … Continue reading

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Upcoming Qld Treasury briefing on Budget economic forecasts to ESA Qld

As the Secretary of the Queensland Branch of the Economic Society of Australia, I am very pleased that Greg Uptin, a senior Queensland Treasury official, will once again brief us on the Treasury’s economic forecasts underpinning the 2016-17 State Budget. … Continue reading

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