Category Archives: Budget

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

Posted on November 29, 2020 by Gene Tunny

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

Posted on November 28, 2020 by Gene Tunny

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

Posted on November 25, 2020 by Gene Tunny

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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Coal price crash is bad news for the state budget and future capital investment

Posted on November 23, 2020 by Gene Tunny

Last Friday, John McCarthy at In Queensland reported Budget impacts loom as coal prices plunge to four year lows. Yes, recent falls in the coking coal price to around $US100/t for coking coal must be causing anxiety in Queensland Treasury, … Continue reading →

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Qld economy in big trouble if China follows through with trade threat

Posted on November 7, 2020 by Gene Tunny

Australian investors appear remarkably optimistic about the prospects for patching up our relationship with China given that, as the Financial Review reported yesterday, ASX up 4.4pc in US election, QE week. I can understand why a new round of Quantitative … Continue reading →

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LNP costings interview with Scott Emerson on 4BC

Posted on October 30, 2020 by Gene Tunny

The Queensland LNP Opposition released its election costings yesterday, and I spoke with Scott Emerson on his 4BC Drive program about them later that day. You can listen to our conversation from around 54:00 via: The Scott Emerson Drive Show, … Continue reading →

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Amusing costings of Qld election commitments – $4bn of Gov’t election commitments reported to have zero “Net Impact”

Posted on October 27, 2020 by Gene Tunny

I laughed out loud when I opened up a copy of the costings of the current Queensland Government’s election commitments and it reported that its $4 billion plus of commitments have practically zero “Net Impact” because it will be borrowing … Continue reading →

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Chat with 4BC’s Neil Breen on Qld Economic Recovery Plan, travel restrictions, deficits, and debt

Posted on October 22, 2020 by Gene Tunny

Yesterday morning, I spoke with 4BC Breakfast presenter Neil Breen about the Queensland Government’s Economic Recovery Plan, travel restrictions, deficits, and debt. The recording has been published on the 4BC website: What’s in the book? Neil began by asking me … Continue reading →

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Qld’s surging public service – clarification of Australian article comments

Posted on October 19, 2020 by Gene Tunny

I’m quoted in today’s Australian article Polls back Labor’s jobs push, and I need to clarify this reported comment: Economist Gene Tunny said that Queensland’s public sector had been stable through the pandemic and that had steadied the state’s job … Continue reading →

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My Courier-Mail comments on Qld Economic Recovery Plan and lack of Budget transparency

Posted on October 17, 2020 by Gene Tunny

Yesterday afternoon I spoke with Courier-Mail journalist Michael Wray about the depressing nature of the state election campaign, which is being held without a full set of budget forward estimates having been published by the Queensland Government. I’m grateful to … Continue reading →

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