Category Archives: Budget

Fiscal Stimulus with Fabrizio Carmignani – my latest Economics Explored podcast episode

Fiscal stimulus is very topical worldwide, with the new US President Joe Biden proposing a US$1.9 trillion COVID relief and stimulus package. And, in Australia, there is a debate occurring over how to support the tourism sector once JobKeeper finishes … Continue reading

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Brisbane Lockdown 2.0 – the sequel no one wanted

To keep Queenslanders safe, our state government has decided to lock down the over2 million residents of Greater Brisbane for the next three days, but its sudden, unexpected announcement at 8am sparked immediate panic buying in our supermarkets, and an … Continue reading

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Brisbane Inner City still the biggest beneficiary of Qld Gov’t CAPEX

Following last year’s state budget, I posted on how Brisbane’s inner city was the big winner regarding state government capital spending. That continues in 2020-21 with the continuation of the huge Cross River Rail project (see chart below). Out of … Continue reading

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Qld Budget doesn’t tell the full story on government’s borrowing costs

State Treasurer Cameron Dick, who handed down the 2020-21 Queensland Budget earlier this week, has impressed me with his chutzpah, demonstrated, for example, by this audacious statement in his Budget speech (on p. 38): Not only are our interest costs … Continue reading

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Qld Budget interview on 4BC with Scott Emerson

I was pleased to speak with 4BC Drive host Scott Emerson yesterday about the 2020-21 Queensland Budget. Among other issues, Scott and I chatted about the Government’s abandonment or, more charitably, nuancing of its fiscal principle around keeping public service … Continue reading

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Women and the Budget webinar presented by Griffith Business School

Last Thursday I had a great time moderating a webinar on Women and the Budget hosted by the Griffith Department of Accounting, Finance and Economics. Presenters included Dr Leonora Risse of RMIT who has been a visiting fellow at the … Continue reading

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Qld Budget reveals bigger deficits and a lot more debt than expected

Queensland Treasurer Cameron Dick has handed down the long-awaited 2020-21 state budget and it contains bigger deficits and much higher debt over the forward estimates than I expected, with nearly $89 billion of general government debt and around $130 billion … Continue reading

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By “significant borrowings” Treasurer Dick means $10B-15B of additional debt, at least

I raised my eyebrows when I read Queensland Treasurer Cameron Dick’s acknowledgement to the media today that there would be new “significant borrowings” in the forthcoming 2020-21 state budget (see the Courier-Mail report). Describing the additional borrowings to be revealed … Continue reading

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EV taxes, property taxes, and the need to reset federal financial relations in Australia

It’s good news that, according to the Brisbane Times, Queensland Transport Minister Mark Bailey has ruled out a special Electric Vehicle tax (at least for now). You may recall I reported on the Australia Institute’s campaign to stop state-levied EV … Continue reading

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Electric Vehicle Tax – Qld shouldn’t follow Victoria and SA in imposing one

The Australia Institute ran an excellent webinar (Stop the Electric Vehicles Tax) this morning opposing the Electric Vehicle Tax announced by Victoria and SA. An EV tax may end up being imposed by other state governments, including NSW’s and Queensland’s, … Continue reading

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