Tag Archives: queensland

Qld public service redundancies likely contributed to spike in migration to NSW & Victoria

Posted on June 30, 2015 by Gene Tunny

Following the ABC radio and online news coverage I received yesterday on the interstate migration issue, a friend of mine pointed out that redundancies in recent years, notably in the Queensland public service (which I thought were necessary for efficiency … Continue reading →

Posted in Migration | Tagged , , , , , , , , | 7 Comments

Queenslanders leaving for professional jobs in Victoria

Posted on June 28, 2015 by Gene Tunny

For over two years now, Queensland has been a net loser of people to Victoria, as the historically reliable net migration of people from Victoria to Queensland has reversed (first chart below). The conditions for mass migration out of Victoria … Continue reading →

Posted in Migration | Tagged , , , , , , , | 2 Comments

QIC takeover of GOCs is a very bad idea

Posted on June 25, 2015 by Gene Tunny

As suggested in the Courier-Mail this morning, it is possible the Queensland Government will try to appear it is meeting its fiscal strategy and paying down debt through some creative accounting, involving government-owned corporations (GOCs) (e.g. Energex, Stanwell, Gladstone and … Continue reading →

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

Qld Treasurer confirms Govt’s immense fiscal challenge with royalties write down of $3 billion

Posted on June 24, 2015 by Gene Tunny

I wasn’t surprised when Treasurer Curtis Pitt today revealed there would be a write down in mining royalties of $3 billion over the Budget forward estimates (i.e. 2015-16 to 2018-19), due to both lower prices and volumes than previously forecast … Continue reading →

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

Cafe culture & tourism helping Qld endure end of mining boom

Posted on June 19, 2015 by Gene Tunny

May 2015 employment-by-industry data published by the ABS yesterday confirm some points I’ve been making for the last couple of months (see chart above), particularly that Queensland is enduring the shock from the end of the mining boom relatively well, … Continue reading →

Posted in Labour market, Mining | 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

Stamp duty has to go – time to consider greater reliance on land tax & GST

Posted on June 16, 2015 by Gene Tunny

It is lamentable that our State Governments are so reliant on a source of revenue, stamp duty, that is very costly to the economy and has no defenders outside of State Treasuries who would greatly miss the money if it … Continue reading →

Posted in Housing, Tax | Tagged , , , , , , , , | 6 Comments

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

QCA finds multiple policy failures associated with billions in industry assistance in Qld

Posted on June 10, 2015 by Gene Tunny

It appears that the QCA’s draft report on Industry Assistance in Queensland was released last Friday, a Friday before a long weekend, traditionally a good time to release reports that governments would rather be ignored and forgotten. But this report … Continue reading →

Posted in Industry policy | Tagged , , , , , , , , , , | 3 Comments

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