Tag Archives: gst

Critical Qld Gov’t debt metric still projected to worsen

Yesterday’s Mid Year Fiscal and Economic Review revealed Queensland Government debt forecasts marginally lower than they were at budget time in June, but total borrowings will still reach nearly $81 billion by mid-2021. As Steven Wardill notes in today’s Courier-Mail: … Continue reading

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Exciting week for economy watchers: State of the States, a possible rate cut, and the Budget

CommSec’s latest State of the States Report is out today, and, while I think its placement of Queensland in around the middle of Australia’s States and Territories (5th out of 8) is reasonable, I have some sympathy for Queensland Treasurer … Continue reading

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Post-Budget lunch featuring Michael Knox, Morgans’ Chief Economist

Queensland has already received some good news regarding the upcoming 2016-17 Federal Budget, with the announcement two weeks’ ago that our share of GST revenue will be over $500 million higher in 2016-17 than we previously expected (see my post … Continue reading

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Huge disparities in GST carve up per capita: NT gets $13k per person, WA gets $760

Commenting on my post from earlier today, a colleague noted that, in per capita terms (rather than in terms of total amounts), three States and Territories, the Northern Territory, Tasmania and South Australia, do much better than Queensland in the … Continue reading

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Qld second biggest winner from GST redistribution

Queensland is the second biggest winner from the carve up of GST revenue that is dictated by the Commonwealth Grants Commission. In 2016-17, Queensland is to receive $2.1 billion more than we would if the GST revenue, which is collected … Continue reading

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Extra GST revenue welcome, but Qld still faces big fiscal challenges

The Queensland Government must be pleased the Commonwealth Grants Commission (CGC) has recommended it receive an additional $520 million above what it might have expected from the GST revenue carve up for 2016-17 (see 2016 Update Report). The gain to … Continue reading

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Brisbane ABC radio interview on raising the GST

I had a good chat this morning with Terri Begley on 612 ABC Brisbane regarding proposals to raise more revenue from the GST: What raising the GST actually means I noted that raising the GST and cutting more inefficient taxes … Continue reading

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