Tag Archives: aaa

How did the Qld government accumulate so much debt?

Posted on May 15, 2018 by

One of Queensland Deputy Premier-Treasurer Jackie Trad’s biggest challenges in her first state budget, to be delivered next month, is to demonstrate a credible debt reduction strategy. She needs to show how she can reduce state debt from its current … Continue reading →

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

Critical Qld Gov’t debt metric still projected to worsen

Posted on December 19, 2017 by

Yesterday’s Mid Year Fiscal and Economic Review revealed Queensland Government debt forecasts marginally lower than they were at budget time in June, but total borrowings will still reach nearly $81 billion by mid-2021. As Steven Wardill notes in today’s Courier-Mail: … Continue reading →

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

Comments on Qld state debt to the Courier-Mail

Posted on October 31, 2017 by

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

Posted on February 11, 2017 by

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

Posted on December 14, 2016 by

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 →

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

Qld Government opts for accounting tricks rather than true budget repair

Posted on July 14, 2015 by

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 →

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

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

Posted on January 31, 2015 by

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 →

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