Tag Archives: qldtreasury

Qld consumers resilient at the end of the mining boom

Posted on September 3, 2015 by Gene Tunny

At the end of the mining boom, as resources sector investment has plummeted, Queensland consumers are nonetheless resilient, and their growing consumption spending has partly offset the adverse impact of the fall in investment on aggregate demand (see chart above … Continue reading →

Posted in Macroeconomy | Tagged , , , , , | 2 Comments

A longer-term perspective on the CAPEX plunge

Posted on August 31, 2015 by Gene Tunny

In a comment on my post from last Friday, regular Queensland Economy Watch reader Jim pointed out that the plunge in capital expenditure (CAPEX) is simply returning Queensland to more normal rates of investment, as was completely expected. Jim suggested … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , | 3 Comments

Very high youth unemployment in North Qld and Wide Bay region

Posted on August 17, 2015 by Gene Tunny

Young people, many of who may be trying to enter the workforce for the first time, are usually disproportionately affected when the economy slows down. Relatively weak conditions in regional Queensland, which I discussed in my last post, have contributed … Continue reading →

Posted in Labour market | Tagged , , , , , , | 2 Comments

Big divide between SEQ and rest of Qld in jobs growth

Posted on August 16, 2015 by Gene Tunny

Looking at the data in Queensland Treasury’s latest briefing on regional employment, it appears that the bulk of jobs growth that is occurring in Queensland is occurring in the South-East, particularly on the Gold Coast, and many parts of regional … Continue reading →

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Could the Commonwealth Treasury please send me my $5,000, rather than sending it to George St?

Posted on August 1, 2015 by Gene Tunny

Queensland Treasury has produced an absolutely cracking set of post-Budget presentation slides, which it has kindly shared with the Economic Society of Australia (QLD), of which I’m the Secretary. The slide deck contains some excellent facts and charts on vertical … Continue reading →

Posted in Budget, Tax | Tagged , , , , , , , | 2 Comments

Right diagnosis from Qld Treasury on Qld’s debt problem, but wrong prescription

Posted on July 17, 2015 by Gene Tunny

The Review of State Finances (see p. 80) produced by Queensland Treasury to inform the 2015-16 Budget is clear that Queensland Government “debt is too high.” The Treasury acknowledges that the State’s balance sheet is not “in a position to … Continue reading →

Posted in Budget | Tagged , , , , , , , | Leave a comment

Strong LNG-led export growth means Qld should record economic recovery in first half of 2015

Posted on July 6, 2015 by Gene Tunny

Queensland appears on track to record a recovery from the technical recession of the second-half of 2014, due to a large increase in exports in recent months, in part associated with the LNG now being shipped out of Gladstone (see … Continue reading →

Posted in Exports, Macroeconomy | Tagged , , , , , , | Leave a comment

Great initiative from Qld Treasury to explain forecasts in Economic Society seminar

Posted on June 17, 2015 by Gene Tunny

As Secretary of the Queensland branch of the Economic Society of Australia, I’m very pleased that, on Wednesday 15 July, the day after the Treasurer delivers the State Budget, a senior Queensland Treasury official, Greg Uptin, will give a briefing … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , | 1 Comment

Courier-Mail story on Qld Govt’s fiscal challenges

Posted on June 13, 2015 by Gene Tunny

I was quoted by John McCarthy in an article in today’s Courier-Mail (see image above) regarding the Queensland Government’s fiscal challenges. I’ve previously commented on the big challenge the Government has of sticking to its fiscal strategy announced at the … Continue reading →

Posted in Budget, Infrastructure, Queensland Government | Tagged , , , , , , , , , , | 1 Comment

Qld Treasury’s forecasting record has improved in last few years, but big test to come

Posted on June 9, 2015 by Gene Tunny

In the Mid-Year Fiscal and Economic Review at the end of 2014, Queensland Treasury downgraded its economic growth forecast for Queensland in 2014-15 from 3% to 2.5%, to reflect the weaker economic outlook. After Queensland’s technical recession in the last … Continue reading →

Posted in Budget, Macroeconomy | Tagged , , , , , , , , | 8 Comments