Tag Archives: debt

Interview with ABC Radio’s Steve Austin on “The time Australia’s Treasury almost ran out of money”

I had a nice chat with 612 ABC Brisbane’s Steve Austin last Friday morning regarding my time in the Australian Treasury, particularly during the financial crisis in 2008-09, and focusing on what he described as: The time Australia’s Treasury almost … Continue reading

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Moody Blues – guest post by Joe Branigan

I am delighted to publish a guest post by my old friend and former Treasury colleague Joe Branigan on the recent upgrade to the outlook for Queensland’s credit rating from Moody’s. GT Moody Blues by Joe Branigan Moody’s Investor Services … Continue reading

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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 Audit Office identifies risks to energy businesses from State debt reshuffle

In a report published today on Queensland’s government-owned energy businesses, the Queensland Audit Office has flagged risks associated with the Government’s debt reshuffle (on the debt reshuffle, see this QEW post from December last year). Here is the relevant extract … Continue reading

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Weekly highlights: BDO Economic & Political Update and ESA Qld-Nine Squared CBA seminar

It was a fantastic week to be an economist in Brisbane, with two excellent events, the BDO Economic & Political Update on Tuesday morning at BCEC and the ESA Qld-Nine Squared seminar on Cost-benefit analysis in contemporary project evaluation at … Continue reading

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Makin and Pearce confirm urgency of Budget repair in Conference of Economists paper

At the Australian Conference of Economists in Adelaide this week, Griffith University Economics Professor Tony Makin and ESA Qld Vice President Julian Pearce will present a very interesting paper titled Fiscal Consolidation and Australia’s Optimal Public Debt. Tony and Julian … Continue reading

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Why is budget repair so difficult?

One of my favourite movie scenes is from Jaws, when Roy Scheider’s character Martin Brody, after seeing the shark for the first time, tells the captain “You’re going to need a bigger boat.” That scene came into my mind in … Continue reading

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