Tag Archives: qldtreasury

Qld Audit Office gives scathing assessment of Government procurement

Posted on September 28, 2016 by Gene Tunny

The Queensland Audit Office’s first report for the 2016-17 financial year is a scathing assessment of Government procurement practices, an assessment which should spur the State Treasury into action. After all, it is proverbial that, if you look after the … Continue reading →

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Townsville’s double digit unemployment rate signifies major downturn in region

Posted on July 22, 2016 by Gene Tunny

Yesterday afternoon I had a good chat with Pat Hession on Townsville ABC Radio about the latest discouraging unemployment data for my old home town of Townsville. Readers will be familiar with the vastly different economic conditions across Queensland (see … Continue reading →

Posted in Labour market, Townsville, Uncategorized | Tagged , , , , , | 17 Comments

Makin and Pearce confirm urgency of Budget repair in Conference of Economists paper

Posted on July 10, 2016 by Gene Tunny

At the Australian Conference of Economists in Adelaide this week, Griffith University Economics Professor Tony Makin and ESA Qld Vice President Julian Pearce will present a very interesting paper titled Fiscal Consolidation and Australia’s Optimal Public Debt. Tony and Julian … Continue reading →

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Upcoming Qld Treasury briefing on Budget economic forecasts to ESA Qld

Posted on June 18, 2016 by Gene Tunny

As the Secretary of the Queensland Branch of the Economic Society of Australia, I am very pleased that Greg Uptin, a senior Queensland Treasury official, will once again brief us on the Treasury’s economic forecasts underpinning the 2016-17 State Budget. … Continue reading →

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Regional Qld still suffering from mining downturn and drought

Posted on May 27, 2016 by Gene Tunny

ABS regional labour force data for April reveal increasing unemployment in regional Queensland, particularly in Townsville and the Queensland outback, as regional Queensland endures the mining downturn and drought. Unemployment in the Queensland outback was at 10.4% in April, up … Continue reading →

Posted in Labour market, North Queensland, Uncategorized | Tagged , , , , , | 5 Comments

Qld unemployment rate trends up and jobs trend down

Posted on May 20, 2016 by Gene Tunny

The April 2016 ABS jobs data confirm the view I have expressed for a while now that the Queensland economy is under-performing (see charts below and Treasury’s brief). While in South-East Queensland conditions appear reasonable, the regions are struggling with … Continue reading →

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

Posted on April 10, 2016 by Gene Tunny

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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Trend is the Treasurer’s friend

Posted on February 17, 2016 by Gene Tunny

The Queensland Treasurer Curtis Pitt issued an upbeat media release on the Queensland economy yesterday, but I am unsure the Queensland Treasury gross state product (GSP) data he quotes should be interpreted as optimistically as he interprets them. The media … Continue reading →

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How the Qld economy performed over 2015

Posted on December 31, 2015 by Gene Tunny

In 2015, the Queensland economy proved itself resilient to the end of the mining boom, and recovered from the apparent downturn, a so-called technical recession, at the end of 2014. Even though the economy is proving resilient, growth is at … Continue reading →

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Qld currency was model for Australian currency

Posted on December 20, 2015 by Gene Tunny

Last month, former UQ Economics lecturer Dr Jon Stanford published a very interesting paper in the Queensland History Journal titled Queensland’s Own Money, 1893-1910: Model for the Australian Note Issue (paywalled unfortunately). Jon discusses the financial crisis of the early … Continue reading →

Posted in Queensland Government, Uncategorized | Tagged , , , , , , , , | 2 Comments