Tag Archives: deficits

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 , , , , , , , , , , , , , , , , , | Leave a comment

Qld Budget interview on 4BC with Scott Emerson

I was pleased to speak with 4BC Drive host Scott Emerson yesterday about the 2020-21 Queensland Budget. Among other issues, Scott and I chatted about the Government’s abandonment or, more charitably, nuancing of its fiscal principle around keeping public service … Continue reading

Posted in Budget | Tagged , , , , , , , , , | Leave a comment

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

Posted in Budget | Tagged , , , , , , | 2 Comments

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 , , , , , , , , , , , , | Leave a comment

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 , , , , , , , | 4 Comments

Chat with 4BC’s Neil Breen on Qld Economic Recovery Plan, travel restrictions, deficits, and debt

Yesterday morning, I spoke with 4BC Breakfast presenter Neil Breen about the Queensland Government’s Economic Recovery Plan, travel restrictions, deficits, and debt. The recording has been published on the 4BC website: What’s in the book? Neil began by asking me … Continue reading

Posted in Budget | Tagged , , , , , , , , , , , , | Leave a comment

Qld Treasurer trying to have it both ways on budget outlook

Queensland Treasurer Cameron Dick is trying to have it both ways regarding Queensland’s budget outlook. He is arguing the Opposition’s target of a budget surplus by 2023-24 is unattainable, but he has previously argued the budget outlook is so uncertain … Continue reading

Posted in Budget, Uncategorized | Tagged , , , , , , | Leave a comment

Frydenberg’s won’t-die-wondering Budget

Treasurer Josh Frydenberg delivered a strong speech tonight in handing down what I’d label as his won’t-die-wondering budget, or possibly as the Nixon-goes-to-China budget, a federal budget with an expected current financial year deficit of $214 billion and projected total … Continue reading

Posted in Budget | Tagged , , , , , , , , , | Leave a comment

Gov’t claims police boost “fully funded”, but won’t release full budget forward estimates

Earlier today, in announcing a huge boost to police staffing, expected to cost $624 million over five years, Queensland Police Minister Mark Ryan commented (in the media release Palaszczuk Government to deliver an extra 2,025 police personnel): “Unlike the commitments … Continue reading

Posted in Budget | Tagged , , , , , , | Leave a comment

The Deficit Myth and Modern Monetary Theory – latest podcast episode

I’ve recorded some thoughts on Stephanie Kelton’s best-selling book The Deficit Myth which is popularising so-called Modern Monetary Theory: The Deficit Myth and Modern Monetary Theory – initial views In my recorded conversation with my Adept Economics colleague Ben Scott, … Continue reading

Posted in Budget, Macroeconomy | Tagged , , , , , , , , , , , , , , , , , , , , | 2 Comments