Tag Archives: aaa

Comments on Qld state debt to the Courier-Mail

I am quoted in today’s Courier-Mail in an article on Queensland state debt, which for the whole Queensland Government (incl. government-owned businesses) is on its way to over $80 billion (see chart below). The paper reports on the Premier’s failure … Continue reading

Posted in Budget, Uncategorized | Tagged , , , , | 6 Comments

HSBC’s Paul Bloxham on the economic outlook and President Trump

Last Thursday, Paul Bloxham, HSBC Chief Economist for Australia and NZ, gave an excellent briefing on the economic outlook at a lunchtime event organised by the French Australian Chamber of Commerce and Industry (FACCI), and hosted by Clayton Utz at … Continue reading

Posted in China, Mining, Uncategorized | Tagged , , , , , , , , , , , , | 1 Comment

Higher royalties improve Qld budget bottom line, but work still needed on budget repair

As we have been expecting for some time, higher coal prices and thus royalties (see chart below) have translated into a much improved State Budget balance, with the Queensland Treasury now forecasting the biggest operating surplus ($2 billion) in a … Continue reading

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Qld Government opts for accounting tricks rather than true budget repair

In the 2015-16 Queensland Budget, the Government has shown it subscribes to the maxim that one might as well be hanged for a sheep as for a lamb. The Government is undertaking at least three measures of dubious merit, including … Continue reading

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4BC Drive interview on election costings – problems with economic plans from both major parties

I had a nice chat with Ben Davis from 4BC’s Drive program yesterday afternoon on the economic plans the major parties are taking to today’s Queensland election. You can find the audio for the interview if you scroll down on … Continue reading

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Goss Government was strong on economic management, possibly to its political detriment

It was sad news indeed today that Wayne Goss has died at what is now a relatively young age of 63. He certainly made a fine contribution to Queensland during his years as Premier. In addition to the electoral and … Continue reading

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Overall a good Budget, but earmarking sales proceeds for infrastructure funds undesirable

The Queensland Budget released yesterday is a sound plan to reduce Queensland’s large State debt and to set us on a path to eventually reclaiming our AAA credit rating. My old friend and former Treasury colleague Joe Branigan has a … Continue reading

Posted in Budget, Queensland Government | Tagged , , , , | 5 Comments