Tag Archives: qldbudget

Qld’s bolshie budget – my latest thoughts

Posted on June 22, 2022 by Gene Tunny

Reading the Courier-Mail’s latest state budget reporting, quoting Cameron Dick as a self-proclaimed Robin Hood Treasurer, it’s clear the state government no longer gives a damn what business thinks. It’s gone full-on economic populist with its royalties hike ($1.2bn over … Continue reading →

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Qld state budget: thanks for the billions coal miners, now pay us even more

Posted on June 21, 2022 by Gene Tunny

As I’ve been forecasting for months now, the Queensland state budget is in much better shape than the state Treasury forecast back in December. Higher royalties, stamp duty, and other taxes helped deliver a $1.9 billion operating surplus in 2021-22 … Continue reading →

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Qld Treasurer gives a master class in budget shenanigans

Posted on June 15, 2021 by Gene Tunny

Queensland Treasurer Cameron Dick has soared to previously unattained heights of state budget creative accounting, and I must admit I’m rather impressed by the cleverness of it all, while at the same time being appalled the Treasury would let him … Continue reading →

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Coal comeback good news for Qld economy

Posted on June 7, 2021 by Gene Tunny

Last week saw a surge in coal prices due to global demand and supply factors (some of which are likely only temporary), as discussed in a nice piece by Bloomberg journalists reprinted by the Brisbane Times It’s not over for … Continue reading →

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Brisbane Inner City still the biggest beneficiary of Qld Gov’t CAPEX

Posted on December 22, 2020 by Gene Tunny

Following last year’s state budget, I posted on how Brisbane’s inner city was the big winner regarding state government capital spending. That continues in 2020-21 with the continuation of the huge Cross River Rail project (see chart below). Out of … Continue reading →

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Qld Budget doesn’t tell the full story on government’s borrowing costs

Posted on December 5, 2020 by Gene Tunny

State Treasurer Cameron Dick, who handed down the 2020-21 Queensland Budget earlier this week, has impressed me with his chutzpah, demonstrated, for example, by this audacious statement in his Budget speech (on p. 38): Not only are our interest costs … Continue reading →

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Qld Budget interview on 4BC with Scott Emerson

Posted on December 3, 2020 by Gene Tunny

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 →

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By “significant borrowings” Treasurer Dick means $10B-15B of additional debt, at least

Posted on November 29, 2020 by Gene Tunny

I raised my eyebrows when I read Queensland Treasurer Cameron Dick’s acknowledgement to the media today that there would be new “significant borrowings” in the forthcoming 2020-21 state budget (see the Courier-Mail report). Describing the additional borrowings to be revealed … Continue reading →

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Electric Vehicle Tax – Qld shouldn’t follow Victoria and SA in imposing one

Posted on November 25, 2020 by Gene Tunny

The Australia Institute ran an excellent webinar (Stop the Electric Vehicles Tax) this morning opposing the Electric Vehicle Tax announced by Victoria and SA. An EV tax may end up being imposed by other state governments, including NSW’s and Queensland’s, … Continue reading →

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Amusing costings of Qld election commitments – $4bn of Gov’t election commitments reported to have zero “Net Impact”

Posted on October 27, 2020 by Gene Tunny

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 →

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