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Category Archives: North Queensland
Huge financial sustainability challenges for Qld’s remote Indigenous councils
Queensland’s remote Indigenous councils are facing huge financial sustainability challenges, with the councils typically running large operating deficits, averaging nearly 20 percent of revenue, and running down their asset base to survive (see figure below), according to the Queensland Audit … Continue reading
Posted in North Queensland, Uncategorized
Tagged australia, capeyork, councils, fnq, Indigenous, lgas, qao, qld, qldauditoffice, queensland
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Senator Canavan’s ambitious plan for a State of North Queensland
Senator Matt Canavan, a friend of mine from my Canberra days, is not wasting any time while he is temporarily out of the Cabinet. He is making plans for a new State of North Queensland. With his background as a … Continue reading
Is North Qld under-funded by the State Government relative to the South East?
In Saturday’s Courier-Mail, State Affairs Editor Steven Wardill reported on the unmovable perception among North Queenslanders that their region is under-funded by the State Government, despite official data showing otherwise. Wardill noted: Facts and figures are dismissed out of hand. … Continue reading
Posted in Infrastructure, North Queensland, Uncategorized
Tagged beaudesert, capitalworks, infrastructure, logan, northqld, northqueensland, nq, qld, qldbudget, qldtreasury, queensland
15 Comments
Qld economy should be resilient to Cyclone Debbie
While we are still to learn the full extent of the damage and economic disruption of Cyclone Debbie, we should be reasonably confident that any adverse economic impact, such as through lost crops, tourism, or disruption to coal mining and … Continue reading
Posted in Cyclones, Macroeconomy, North Queensland, Uncategorized
Tagged bigwet, coalexports, coalmines, coalmining, coalroyalties, cyclones, debbie, floods, mining, qld, queensland, yasi
4 Comments
Selling QIC highly desirable and would avoid allegations of political interference regarding mega mine infrastructure
First, my thoughts and prayers are with the people of North Queensland as they wake up to the devastation from Cyclone Debbie. In his extraordinary eulogy for Marie Antoinette, the Anglo-Irish statesman Edmund Burke lamented that the French Queen had … Continue reading
Posted in North Queensland, Queensland Government, Uncategorized
Tagged adani, carmichaelmine, coa, commissionofaudit, megamine, northqueensland, nq, qic
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Comments in Courier-Mail on Qld regional economies and structural change
Today, the Courier-Mail is re-launching its GoQld campaign, this time with a focus on regional economies. It has rightly identified the large divergence in employment growth between SEQ and the rest of Queensland, and it is reporting a loss of … Continue reading
Posted in Labour market, Macroeconomy, Mining, North Queensland, Townsville, Uncategorized
Tagged abs, agriculture, employment, goldcoast, jobs, manufacturing, mining, qld, queensland, structuralchange, toowoomba, townsville
3 Comments
Why the Adani mega mine is welcome news in Townsville
It is welcome news to the local community that Adani will base its Carmichael coal mine headquarters in Townsville , which has struggled with job losses and high unemployment over the last couple of years. The Townsville Bulletin reports: “Townsville … Continue reading
Posted in Mining, North Queensland, Townsville, Uncategorized
Tagged adani, adanimegamine, coal, coalmine, employment, galileebasin, jobs, qldtreasury, townsville, townsvillebulletin, unemploymentrate
3 Comments
US recovery on track, while Australian economists wait anxiously for latest National Accounts
The latest US jobs data show an economy that is growing quite nicely, with 178,000 new jobs over the last month, and with unemployment falling to 4.6%, its lowest rate since the financial crisis (see chart below). However, the market … Continue reading
Posted in Agriculture, Macroeconomy, Mining, North Queensland, Townsville, Uncategorized
Tagged abs, agriculture, australianeconomy, bls, cashrate, china, fed, federalreserve, fundsrate, interestrates, japan, nationalaccounts, teq, tourism, us, useconomy, wages, wheat
2 Comments
Qld should benefit from strong economic performance in NSW and Victoria
The August job vacancies data released by the ABS yesterday confirm the strong economic performance we are seeing in NSW and Victoria, and they also show encouraging signs for Queensland (see charts below). Given national markets and the linkages between … Continue reading
Posted in Labour market, Macroeconomy, North Queensland, Townsville, Uncategorized
Tagged abs, jobvacancies, northqueensland, nq, nsw, qld, queensland, townsville, victoria
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Regional Qld still suffering from mining downturn and drought
ABS regional labour force data for April reveal increasing unemployment in regional Queensland, particularly in Townsville and the Queensland outback, as regional Queensland endures the mining downturn and drought. Unemployment in the Queensland outback was at 10.4% in April, up … Continue reading
Posted in Labour market, North Queensland, Uncategorized
Tagged abs, qld, qldtreasury, queensland, townsville, unemployment
5 Comments
Queensland Economy Watch 