Category Archives: Budget

Fake privatisation of Titles Registry helping Qld Gov’t pretend it has debt management plan

This post is an early draft of an article I’m preparing for a public finance or public policy journal about the Queensland Government’s accounting trickery regarding the Titles Registry last year. The state government has violated some well-established principles for … Continue reading

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Optimism at home, big inflation concerns abroad – catch up with my livestream at 11.30am AEST

While Australian economic policy makers are forecasting a growing economy with moderate inflation, policy makers elsewhere are concerned about accelerating inflation. In the federal budget update released yesterday, the Treasury has forecast a growing economy with inflation within the RBA’s … Continue reading

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Coal the dirty secret behind Qld budget improvement

The super high coal price is the main reason Queensland Treasurer Cameron Dick will report a much improved state budget balance this week. However, yesterday the Brisbane Times reported: Mr Dick said the silver lining of the pandemic was an … Continue reading

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Good sign the Great COVID Panic will end in Qld soon

A few weeks ago I observed that it took the NRL Grand Final for the Queensland Government to adopt a more rational approach to the pandemic, and now, thankfully, there are further signs of rationality from the Government, with the … Continue reading

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Hospital funding fight the latest illustration of the big problem with vertical fiscal imbalance in our federation

There is a deep structural problem underlying the current hospital funding fight between the Queensland Premier and the PM, the vertical fiscal imbalance (VFI) between the state’s spending responsibilities and the Commonwealth’s revenue raising powers. The states receive around half … Continue reading

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Managing government budgets podcast chat with Rachel Nolan, former Qld Gov’t finance minister

Former Queensland Government Finance and Transport Minister Rachel Nolan (currently Queensland Executive Director of the McKell Institute) provides some great insights into managing government budgets in my latest Economics Explored episode EP96 Managing Government Budgets. For example, here’s Rachel on … Continue reading

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Premier’s Estimates appearance illustrates my point at ASPG seminar at Parliament House in June

Exhibit A regarding the woefulness of Queensland’s Parliamentary Committee process and the lack of accountability of executive government in this state is the appalling budget estimates committee meeting today, during which the Premier would not disclose whether taxpayers would pay … Continue reading

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Qld Treasurer gives a master class in budget shenanigans

Queensland Treasurer Cameron Dick has soared to previously unattained heights of state budget creative accounting, and I must admit I’m rather impressed by the cleverness of it all, while at the same time being appalled the Treasury would let him … Continue reading

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Cash-strapped Qld Gov’t to charge interstate migrants

Once upon a time, the Queensland Government tried to attract people from interstate by cutting taxes and charges. For instance, Sir Joh famously abolished death duties in the seventies. But times have changed. Now we have a cash-strapped state government … Continue reading

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Interview with 4BC’s Scott Emerson on the federal budget

This afternoon, on his 4BC Drive program, former Queensland Government Transport Minister Scott Emerson and I shared our astonishment regarding the Morrison Government’s Go for Growth, Keynesian federal budget which Treasurer Josh Frydenberg handed down last night. You can listen … Continue reading

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