Tag Archives: privatisation

Ten years since Queensland lost its AAA credit rating

Ten years ago, on 20 February 2009, then Queensland Treasurer Andrew Fraser released the Economic and Fiscal Update which forecast lower revenues, large deficits and burgeoning debt. S&P promptly downgraded the state of Queensland from a AAA credit rating to AA+ … Continue reading

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Coal, climate change, solar & batteries – why Qld Treasury wanted to offload the state’s energy assets

The recent Financial Times report Development bank halts coal financing to combat climate change, reprinted in this morning’s AFR, should prompt some serious long-term thinking from the Queensland government and local governments with regional economies heavily dependent on coal mining, … Continue reading

Posted in Budget, Mackay, Mining, Uncategorized | Tagged , , , , , , , , , , , , , | 4 Comments

NSW winning fiscal State of Origin

My former Treasury colleague and old friend Joe Branigan, now at Cadence Economics and SMART Infrastructure Facility, was quick to tweet a State-of-Origin themed chart yesterday following the release of the NSW State Budget (see Joe’s chart below). As noted … Continue reading

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Inquiry should consider contestability and privatisation of QR services

One of the alleged benefits of public provision of services is that levels of service and reliability are higher than for private provision, but the crisis engulfing Queensland Rail at the moment suggests we should question that purported benefit. It … Continue reading

Posted in Queensland Rail, Transport, Uncategorized | Tagged , , , , , , , , | 6 Comments

Comments on asset sales/privatisation in Saturday’s Courier-Mail

At the IAQ Infrastructure Summit in Brisbane on Thursday last week, several participants lamented that Queensland was missing out on the benefits of so-called asset recycling that NSW and Victoria were expecting. The privatisation issue will not die in Queensland, … Continue reading

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My comments in today’s Courier-Mail on $3bn Qld revenue write-down

Yesterday’s announcement that the Queensland Budget will suffer a further $3 billion in revenue write-downs confirmed what I have been saying for a while now about Queensland’s under-performing economy. I am quoted in today’s Courier-Mail (pay-walled, sorry) noting that the … Continue reading

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Long-run benefits of privatisation are undeniable

Last Friday, in an opinion piece in the Courier-Mail (see image above) that was consistent with its current “Go Queensland” campaign, I re-entered the debate on privatisation: Privatisation, legalising Uber and deregulating trading hours are first steps towards boosting the … Continue reading

Posted in Energy, Infrastructure, Productivity, Queensland Government, Uncategorized | Tagged , , , , , , | 4 Comments