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Recent Posts
- More work needed to show SEQ Olympics would stack up
- How high agreeableness meant Aussies tolerated COVID restrictions – latest podcast episode with QUT’s Dr Stephen Whyte
- Most host cities lose money on the Olympics – SEQ Olympics needs to be delivered cost-effectively
- Interest rates and inflation with Michael Knox, Chief Economist of Morgans
- ABC radio story on Hollywood blockbusters crowding out local productions featuring David Williamson and me
Top Posts & Pages
- More work needed to show SEQ Olympics would stack up
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Most host cities lose money on the Olympics - SEQ Olympics needs to be delivered cost-effectively
- Top twenty largest cities and towns in Queensland by population
- Where do Queensland's super rich live?
- A closer look at the surge in net interstate migration to Qld in September quarter 2020
- Another example of the high cost of free parking in Toowong
- Qld-NSW border war (of words) chat with Joe Branigan from Tulipwood Economics
- Which suburbs of Brisbane had the largest increases in unemployment?
- How high agreeableness meant Aussies tolerated COVID restrictions - latest podcast episode with QUT's Dr Stephen Whyte
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Tag Archives: debt
Fiscal Stimulus with Fabrizio Carmignani – my latest Economics Explored podcast episode
Fiscal stimulus is very topical worldwide, with the new US President Joe Biden proposing a US$1.9 trillion COVID relief and stimulus package. And, in Australia, there is a debate occurring over how to support the tourism sector once JobKeeper finishes … Continue reading
Posted in Budget, Macroeconomy
Tagged australia, cashhandouts, debt, debttogdp, deficits, fiscalpolicy, fiscalstimulus, inflation, jobkeeper, macroeconomicpolicy, macroeconomics, mmt, modernmonetarytheory, multiplier, ruddmoney, stimulus, surpluses, usa
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Brisbane Lockdown 2.0 – the sequel no one wanted
To keep Queenslanders safe, our state government has decided to lock down the over2 million residents of Greater Brisbane for the next three days, but its sudden, unexpected announcement at 8am sparked immediate panic buying in our supermarkets, and an … Continue reading
Posted in Brisbane, Budget, Macroeconomy, Queensland Government
Tagged brisbane, coronavirus, covid, debt, greaterbrisbane, incomecontingentloan, jobkeeper, lockdown, mutantcovid, qldeconomy, qldgovernment, socialcontract, ukmutantstrain, uq
4 Comments
COVID compared with wartime economic impacts – my latest podcast episode
The latest episode of my Economics Explored podcast features a conversation on whether COVID can be compared to wartime. The episode considers the different scales and scopes of the shocks, and what it all means for prospects for economic recovery. In … Continue reading
Posted in Labour market, Macroeconomy
Tagged australia, bankofengland, coronavirus, covid, covid-19, debt, fed, gdp, money, production, rba, stimulus, unemployment, usa, wartime, worldwar2, ww2
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Qld Budget doesn’t tell the full story on government’s borrowing costs
State Treasurer Cameron Dick, who handed down the 2020-21 Queensland Budget earlier this week, has impressed me with his chutzpah, demonstrated, for example, by this audacious statement in his Budget speech (on p. 38): Not only are our interest costs … Continue reading
Posted in Budget
Tagged borrowings, debt, interestcost, interestincome, qic, qldbudget, qtc
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Qld Budget reveals bigger deficits and a lot more debt than expected
Queensland Treasurer Cameron Dick has handed down the long-awaited 2020-21 state budget and it contains bigger deficits and much higher debt over the forward estimates than I expected, with nearly $89 billion of general government debt and around $130 billion … Continue reading
By “significant borrowings” Treasurer Dick means $10B-15B of additional debt, at least
I raised my eyebrows when I read Queensland Treasurer Cameron Dick’s acknowledgement to the media today that there would be new “significant borrowings” in the forthcoming 2020-21 state budget (see the Courier-Mail report). Describing the additional borrowings to be revealed … Continue reading
Posted in Budget
Tagged borrowings, coronavirus, covid-19, debt, qld, qldbudget, qldeconomy
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LNP costings interview with Scott Emerson on 4BC
The Queensland LNP Opposition released its election costings yesterday, and I spoke with Scott Emerson on his 4BC Drive program about them later that day. You can listen to our conversation from around 54:00 via: The Scott Emerson Drive Show, … Continue reading
Posted in Budget
Tagged 4bc, budget, crime, debt, deficits, efficiencydividend, electioncostings, hooning, labor, lnp, publicservice, qldhealth, tyreshredding
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Amusing costings of Qld election commitments – $4bn of Gov’t election commitments reported to have zero “Net Impact”
I laughed out loud when I opened up a copy of the costings of the current Queensland Government’s election commitments and it reported that its $4 billion plus of commitments have practically zero “Net Impact” because it will be borrowing … Continue reading
Posted in Budget
Tagged coronavirus, covid-19, debt, deficits, qld, qldbudget, qldelection, queensland
4 Comments
NQ State feasibility should be explored in lead up to Katter-proposed referendum
I’m pleased that Katter’s Australian Party (KAP) leader Robbie Katter will push for a referendum on North Queensland statehood in the first half of 2021, as reported on news.com.au. It appears there is widespread disappointment in the North with the … Continue reading
Posted in North Queensland
Tagged bowenbasin, bundaberg, cairns, debt, gst, kap, mining, nq, nqexit, rockhampton, royalties, townsville
2 Comments
