Tag Archives: capex

New Qld Government faces big fiscal challenges

Posted on February 2, 2015 by Gene Tunny

Many Queenslanders in the construction and engineering sectors will be disappointed by the capital spending plans of the likely new Queensland Government. Previously, there was some excitement at the prospect of a large boost to capital spending across Queensland, with … Continue reading →

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Qld Budget needs to reflect challenging conditions – asset sales good option to cut debt

Posted on May 29, 2014 by Gene Tunny

The March quarter private capital spending figures released today by the ABS confirm that Treasury was right to make conservative, sub-par growth forecasts in developing the Federal Budget. Queensland Treasury will have to do the same in the Queensland Budget, … Continue reading →

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FIFO & DIDO workers in Qld gas fields nearly doubled in 2013

Posted on February 28, 2014 by Gene Tunny

The new data from Queensland Treasury on non-resident – i.e. fly-in, fly-out (FIFO) or drive-in, drive-out (DIDO) – workers in the Surat Basin illustrate the boom we’re seeing in the gas-field communities out west of Toowoomba on the Darling Downs, … Continue reading →

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Mining capital spending saved Qld economy from really poor growth in 2012-13

Posted on December 1, 2013 by Gene Tunny

The 2012-13 State Accounts, released by the ABS on Thursday, confirm that heavy engineering construction, largely by the resources sector, shored up the Queensland economy in 2012-13 and protected it from the adverse impacts of Government spending cuts. This is … Continue reading →

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Resources sector investment hasn’t and won’t fall off cliff

Posted on August 30, 2013 by Gene Tunny

Yesterday’s ABS capital expenditure data show just how significant resources sector investment has been to the Queensland economy over the last few years, and how the manufacturing sector has been affected by the high exchange rate (see chart below). While … Continue reading →

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Qld defies national trend in capital spending – Qld resources sector investment hasn’t peaked yet

Posted on May 30, 2013 by Gene Tunny

Consistent with yesterday’s data on construction activity (see my post from this morning), ABS data released today show private sector capital spending in Queensland has not yet fallen from a peak, as national capital spending has due to a drop … Continue reading →

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Resources sector investment has peaked, but likely to remain strong for a few years yet

Posted on May 22, 2013 by Gene Tunny

The Australian Bureau of Resources and Energy Economics released its latest review of Resources and Energy Projects today (see Committed investment in resources and energy major projects at peak). It shows that although resources sector capital expenditure has peaked, it should … Continue reading →

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