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Recent Posts
- What is the fiscal impulse from the Australian Budget?
- Qld economic outlook talk at Phil Di Bella’s Coffee Commune this Friday 19 May
- Size and structure of the Qld economy: today vs 1939-40 using Colin Clark’s estimates
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- Regional economic divergence – podcast chat w/ Rob Sobyra, Construction Skills Qld
Top Posts & Pages
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- Fake privatisation of Titles Registry helping Qld Gov’t pretend it has debt management plan
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- Qld Audit Office gives scathing assessment of Government procurement
- Qld Treasury right that paying down State debt is a huge challenge
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- Unemployment rates in Qld and rest of Australia: breaking down the contributions of different age groups
- What is the fiscal impulse from the Australian Budget?
- Top twenty largest cities and towns in Queensland by population
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Tag Archives: deficit
Coal the dirty secret behind Qld budget improvement
The super high coal price is the main reason Queensland Treasurer Cameron Dick will report a much improved state budget balance this week. However, yesterday the Brisbane Times reported: Mr Dick said the silver lining of the pandemic was an … Continue reading
PM puts China’s Aussie thermal coal ban in perspective, but $100M+ annual loss to Qld state budget possible
Prime Minister Scott Morrison did a good job yesterday at putting China’s reported ban on Australian thermal coal into perspective, pointing out Japan is our largest customer for thermal coal, and it takes twice the amount of thermal coal as … Continue reading
Posted in China, Mining
Tagged australia, budget, china, coal, deficit, qld, queensland, royalties, thermalcoal
4 Comments
ABC radio interview on Qld state debt & deficits update
At the Parliamentary Inquiry into the Queensland Government’s economic response to COVID-19 on Monday last week, I called for the Government to publish its internal-use estimates of the state budget position and debt, so we don’t have to wait until … Continue reading
A Fiscal Vaccine for COVID-19 with Tony Makin – new podcast episode
In my latest podcast episode, I speak with Professor Tony Makin of Griffith University about his new CIS Policy Paper A Fiscal Vaccine for COVID-19. In Tony’s words: “the paper considers the resurgence of crude Keynesianism before highlighting risks of … Continue reading
Posted in Budget
Tagged crowdingout, debt, deficit, economy, employment, fiscalpolicy, funds, government, imf, infrastructure, interest rate, keynes, keynesian, keynesianism, money, spending, stimulus, treasury
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Lessons from the GFC symposium at Griffith’s Ship Inn Function Centre on 7 March
In this final week of January ten years ago, the fifth floor of the Treasury Building in Canberra was a hive of activity. Hard-working Treasury officials, including me, were putting together the 2009 Updated Economic and Fiscal Outlook in which … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abc, debt, deficit, esaqld, financialcrisis, gfc, griffith, stimulus, treasury, uefo
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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
Posted in Budget, Macroeconomy, Uncategorized
Tagged aofm, ato, australia, bas, bonds, budget, cgs, debt, deficit, treasury
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“Responsible economic management & fiscal restraint”-really?
The 2016-17 Budget is very disappointing, but economists and former Treasury officials were always going to be disappointed in an election year. It is also a Budget that is particularly disappointing to the Queensland Government, due to a lack of … Continue reading
Posted in Budget, Uncategorized
Tagged australia, budget, budgetrepair, deficit, infrastructure, internships, qld, queensland, tax
6 Comments
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
Posted in Budget, Uncategorized
Tagged anu, australia, bonds, budget, budgetrepair, debt, deficit, deficits, olgmodel
5 Comments
Merger savings good if they occur, but debt shuffle dubious
I am very flattered the Courier-Mail has a story about me this morning with the title on its website of The man who could clear Qld’s deficit: THE forecast deficit of $1.5 billion could be overcome by courageous decisions made … Continue reading
Posted in Budget, Uncategorized
Tagged budget, creativeaccounting, debt, deficit, energex, ergon, gearing, gocs, merger, myfer, qca, qld, qldbudget, queensland
10 Comments
Queensland Economy Watch 