Tag Archives: budget

Debt ceiling is an important constraint on government expenditure

Posted on January 16, 2013 by Gene Tunny

I’m somewhat surprised that the Economist in its latest issue argues the US debt ceiling “serves no useful purpose and should be abolished” (From cliff to ceiling). A debt ceiling is important because it forces the Government to consider the aggregate … Continue reading →

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When will Queensland get its AAA credit rating back?

Posted on December 20, 2012 by Gene Tunny

I’m unsurprised by Wayne Swan’s announcement the surplus is unachievable – it always was, even when the outlook was better, as I posted on previously (Budget turnaround looks implausible in Treasurer’s chart). Also the Queensland budget update today contained no surprises, … Continue reading →

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MYEFO mystery – weird negative contingency reserve continues

Posted on October 22, 2012 by Gene Tunny

I share the skepticism of many commentators about the budget forecasts in today’s Mid-Year Economic and Fiscal Outlook (MYEFO). Certainly the revenue grab from increasing the frequency of company tax payments seems tricky, and I wonder if it really will … Continue reading →

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