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Recent Posts
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Blogroll
Tag Archives: deficits
RBA’s next move: 25, 40, or 50 basis points? Michael Knox says 50 on Economics Explored
Next Tuesday, the RBA will increase the cash rate again, but it’s uncertain by just how much. Reuters is reporting RBA to raise rates a modest 25 bps in June, some call for 40 bps, where bps stands for basis … Continue reading
Posted in Labour market, Macroeconomy
Tagged australia, deficits, economics, fed, gdpgap, inflation, interestrates, monetarypolicy, rba, recession, usa
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Interview with 4BC’s Scott Emerson on the federal budget
This afternoon, on his 4BC Drive program, former Queensland Government Transport Minister Scott Emerson and I shared our astonishment regarding the Morrison Government’s Go for Growth, Keynesian federal budget which Treasurer Josh Frydenberg handed down last night. You can listen … Continue reading
Qld state finances chat with ABC’s Steve Austin & QEAS’s Nick Behrens
Fellow Queensland economist Nick Behrens and I sat down with 612 ABC Brisbane’s Steve Austin to chat about the latest report from the Auditor-General on Queensland’s state finances. Of course, COVID is the big story since March last year, but, … Continue reading
Posted in Budget
Tagged 612abcbrisbane, abc, auditorgeneral, budget, coronavirus, covid-19, debt, deficits, qao, qld, superannuation
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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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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
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
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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 4bc, airport, budget, debt, deficits, economicrecoveryplan, internationaleducation, nsw, nswborder, pefo, qld, queensland, tourism
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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 debt, deficits, qld, qldbudget, qldelection, qldtreasury, surplus
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Queensland Economy Watch 