Category Archives: Budget

Post-Budget lunch featuring Michael Knox, Morgans’ Chief Economist

Posted on April 19, 2016 by Gene Tunny

Queensland has already received some good news regarding the upcoming 2016-17 Federal Budget, with the announcement two weeks’ ago that our share of GST revenue will be over $500 million higher in 2016-17 than we previously expected (see my post … Continue reading →

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

Qld second biggest winner from GST redistribution

Posted on April 11, 2016 by Gene Tunny

Queensland is the second biggest winner from the carve up of GST revenue that is dictated by the Commonwealth Grants Commission. In 2016-17, Queensland is to receive $2.1 billion more than we would if the GST revenue, which is collected … Continue reading →

Posted in Uncategorized, Budget, Queensland Government | Tagged , , , , , , , | 2 Comments

Extra GST revenue welcome, but Qld still faces big fiscal challenges

Posted on April 10, 2016 by Gene Tunny

The Queensland Government must be pleased the Commonwealth Grants Commission (CGC) has recommended it receive an additional $520 million above what it might have expected from the GST revenue carve up for 2016-17 (see 2016 Update Report). The gain to … Continue reading →

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

Why is budget repair so difficult?

Posted on March 13, 2016 by Gene Tunny

One of my favourite movie scenes is from Jaws, when Roy Scheider’s character Martin Brody, after seeing the shark for the first time, tells the captain “You’re going to need a bigger boat.” That scene came into my mind in … Continue reading →

Posted in Budget, Uncategorized | Tagged , , , , , , , , | 5 Comments

How the Qld economy performed over 2015

Posted on December 31, 2015 by Gene Tunny

In 2015, the Queensland economy proved itself resilient to the end of the mining boom, and recovered from the apparent downturn, a so-called technical recession, at the end of 2014. Even though the economy is proving resilient, growth is at … Continue reading →

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

Merger savings good if they occur, but debt shuffle dubious

Posted on December 15, 2015 by Gene Tunny

I am very flattered the Courier-Mail has a story about me this morning with the title on its website of The man who could clear Qld’s deficit: THE forecast deficit of $1.5 billion could be overcome by courageous decisions made … Continue reading →

Posted in Budget, Uncategorized | Tagged , , , , , , , , , , , , , | 10 Comments

QCA and Premier’s Department have shown where Government can find budget savings

Posted on December 14, 2015 by Gene Tunny

The need for difficult decisions to repair Queensland’s Budget is reinforced by news that, due to the drop in coal prices and a slower economy, revenue will be further written down by $1.5 billion over the next four years. The … Continue reading →

Posted in Budget, Transport, Uncategorized | Tagged , , , , , , , , , , , | 4 Comments

PC calls for partial inclusion of family home in pension means test

Posted on December 1, 2015 by Gene Tunny

Last week, Treasurer Scott Morrison warned young Australians not to expect they can rely on the age pension in the future. This was good advice, because the budgetary pressures facing the Commonwealth Government, emphasised again this week in grim forecasts … Continue reading →

Posted in Budget, Uncategorized | Tagged , , , , , , , , | 4 Comments

Energy GOCs equity raid a good example of problem with public ownership

Posted on October 8, 2015 by Gene Tunny

I was quoted in the Courier-Mail this morning regarding the $3.5 billion the Queensland Government has withdrawn from equity in its power businesses (see chart above) for the purposes of paying down debt (see Earnings grab quick debt fix, Pitt … Continue reading →

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

Interview on Turnbull Cabinet on 612 ABC Brisbane

Posted on September 22, 2015 by Gene Tunny

Yesterday afternoon, Emma Griffiths from 612 ABC Brisbane interviewed me regarding PM Malcolm Turnbull’s Cabinet and what it means for the economy: The future of business under Turnbull I told Emma that it appears business is very optimistic about the … Continue reading →

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