Tag Archives: surplus

2018 Budget: Party like it’s 1999!

Guest post by Dr Andreas Chai, Economic Policy and Analysis Program, Griffith University 1999 was a great year to be alive in Australia. Apart from Prince hitting the airwaves again, Powderfinger were still playing and topped the hottest 100, the … Continue reading

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Trajectory to surplus not the same thing as budgeting for a surplus

As I mentioned to Pat Hession on Townsville ABC radio yesterday afternoon, the 2015-16 Federal Budget simply kicks the can down the road, as they say, leaving it for a future Government (or this one if it stays in power) … Continue reading

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Qld Government will find it a big challenge to achieve its fiscal strategy

Queensland Treasurer Curtis Pitt has rightly labelled the upcoming 2015-16 Budget as “no frills” (see ABC news report). The Government cannot afford any frivolous expenses, because the budget challenge it faces is massive. The major problems the Government has are: … Continue reading

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Debt ceiling is an important constraint on government expenditure

I’m somewhat surprised that the Economist in its latest issue argues the US debt ceiling “serves no useful purpose and should be abolished” (From cliff to ceiling). A debt ceiling is important because it forces the Government to consider the aggregate … Continue reading

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When will Queensland get its AAA credit rating back?

I’m unsurprised by Wayne Swan’s announcement the surplus is unachievable – it always was, even when the outlook was better, as I posted on previously (Budget turnaround looks implausible in Treasurer’s chart). Also the Queensland budget update today contained no surprises, … Continue reading

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