Tag Archives: queensland

ABC radio interview on COVID-19 Fiscal and Economic Review

Posted on September 9, 2020 by Gene Tunny

Yesterday afternoon I had a great conversation with Steve Austin on his 612 ABC Brisbane Drive program regarding the state government’s budget update it published on Monday. We discussed the issues I covered in my post Woefully inadequate budget update, … Continue reading →

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

Woefully inadequate Qld budget update

Posted on September 7, 2020 by Gene Tunny

We already knew the Queensland budget has deteriorated massively due to the COVID-crisis, so today’s state budget update was not surprising in terms of the huge fiscal deficits it announced, $9.3 billion in 2019-20 and $13.1 billion in 2020-21. Nor … Continue reading →

Posted in Budget | Tagged , , , , | 1 Comment

Qld Gov’t going for broke in COVID response

Posted on September 2, 2020 by Gene Tunny

As well as confirming Australia is in a deep recession, with a 7% fall in GDP in June quarter, the National Accounts published by the ABS earlier today revealed Queensland state and local governments (mostly the state government) are spending … Continue reading →

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Deep recession to be quantified in June qtr National Accounts released tomorrow

Posted on September 1, 2020 by Gene Tunny

Age/SMH Senior Economics Correspondent Shane Wright has written a great summary of the business indicators data released yesterday by the ABS: An economy like 2016 as sales and wages collapse. The business indicators data are pieces of the jigsaw puzzle … Continue reading →

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

The Triumvirate’s Stratagem cannot stand – guest post by Joe Branigan

Posted on August 30, 2020 by Gene Tunny

Thanks to my old friend and former Treasury colleague Joe Branigan for this guest post on the Queensland Government’s response to COVID-19. Views expressed are Joe’s and should not necessarily be attributed to me. GT The Triumvirate’s Stratagem cannot stand … Continue reading →

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

Mining & Ag have partly shielded several Qld regions from COVID shock

Posted on August 28, 2020 by Gene Tunny

As shown in my post on the latest payroll jobs data from the ABS, the regions which have fared the best in Queensland since the COVID-related economic crisis began in March are Toowoomba and Central Queensland, likely due to the … Continue reading →

Posted in Agriculture, Labour market, Mining, Toowoomba | Tagged , , , , , , , , , , , | Leave a comment

National leadership needed on interstate borders

Posted on August 19, 2020 by Gene Tunny

Unless we get a COVID-19 vaccine soon, we’re most likely facing years of profound economic and social pain. Every day brings more news of businesses that will never re-open and jobs lost (e.g. earlier this year Arc Dining closed permanently … Continue reading →

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

Chief Medical Officers should make their value judgements clear and Premiers shouldn’t just defer to them

Posted on August 14, 2020 by Gene Tunny

The Australian Institute for Progress ran an excellent webinar last night, on the economic response to the pandemic, featuring prominent Australian businesswoman and former ACT Chief Minister Kate Carnell and Griffith University Economics Professor Tony Makin. It’s certainly a good … Continue reading →

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

Qld may see a surge of interstate migrants from Victoria post-COVID

Posted on August 8, 2020 by Gene Tunny

I expect many Victorians suffering through stage four restrictions due to the COVID-19 outbreak will be contemplating a move to Queensland. And some savvy Victorians have found a way to do just that already. For instance, see this Nine News … Continue reading →

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Catch up on COVID-19 with Joe Branigan

Posted on August 5, 2020 by Gene Tunny

I fear that the draconian stage 4 restrictions in Victoria and Queensland’s re-imposition of the hard border with NSW are over-the-top, disproportionate policy responses that will cause unwarranted economic and social harm, both short and long-term. Earlier today, I chatted … Continue reading →

Posted in Macroeconomy, Queensland Government, Tourism | Tagged , , , , , , , , , , , , , | Leave a comment