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Tag Archives: treasury
Residential dwelling investment crucial to re-balancing of Qld economy
Queensland Treasury’s latest set of State Accounts, which have created so much controversy (see my previous post on Qld’s technical recession), show just how extraordinary the private sector investment boom was in Queensland, with investment increasing as a share of … Continue reading
Posted in Housing, Macroeconomy, Mining
Tagged buildingapprovals, dwellinginvestment, qld, qldtreasury, queensland, recession, stateaccounts, treasury
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Qld Govt faces big budgetary challenges from unreliable revenues and soaring health costs
In yesterday’s post I noted that the Queensland Government has become increasingly reliant on volatile royalties revenue, and that its major revenue sources of Commonwealth grants and taxation revenue have been growing significantly slower than expenses in recent years. I … Continue reading
Posted in Budget, Health, Tax
Tagged commonwealth, igr, qld, qldtreasury, queensland, royalties, stampduty, tax, treasury
2 Comments
Queensland economic outlook for 2015
It became clear toward the end of 2014 that the upcoming Queensland election would be fought in a relatively weak economy. 2014 unfortunately saw an increase in Queensland’s unemployment rate from around 6 per cent to around 7 per cent … Continue reading
Posted in Macroeconomy
Tagged australiandollar, buidlingapprovals, cciq, curtisisland, economy, gas, gladstone, lng, myefo, qld, qldtreasury, queensland, royalties, treasury, unemployment
1 Comment
Reforming solar cross-subsidy is good policy, but unclear why $3.4 billion should be locked up in Cost of Living Fund
The Government’s apparent plan to end the cross-subsidy from households without solar cells to those with solar cells, and to fund the feed-in tariff through an explicit subsidy, is a sound one (see Brisbane Times coverage Power bills to come … Continue reading
Posted in Budget, Queensland Government
Tagged electricity, electricityprices, feedintariff, powerprices, qld, queensland, solarpv, strongchoices, subsidies, treasury
3 Comments
Speech to University of the Third Age Redlands on the Australian Economy
This morning I addressed the University of the Third Age Redlands at the Donald Simpson Centre, Cleveland on the topic of The Australian Economy: Where we’ve come from, where we’re going. My prepared remarks are reproduced below. I varied the … Continue reading
Posted in Industry policy, IR, Labour market, Macroeconomy, Migration, Mining, Population, Tax, Uncategorized
Tagged aussiedollar, australia, australianeconomy, economy, oecd, productivity, rba, treasury, unemployment
1 Comment
Qld Budget needs to reflect challenging conditions – asset sales good option to cut debt
The March quarter private capital spending figures released today by the ABS confirm that Treasury was right to make conservative, sub-par growth forecasts in developing the Federal Budget. Queensland Treasury will have to do the same in the Queensland Budget, … Continue reading
Posted in Budget, Macroeconomy, Mining
Tagged abs, assetsales, australia, budget, businessconfidence, capex, capitalexpenditure, cciq, mining, privatisation, qld, qldbudget, queensland, rba, treasury
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New Treasury modelling supports change in tax mix towards GST
In the latest Commonwealth Treasury Economic Roundup, there is an excellent paper on the economic impacts of company tax. The paper could be viewed as supporting a cut in company tax and replacing the lost revenue with greater GST revenue, either … Continue reading
Posted in Tax, Uncategorized
Tagged australia, companytax, gst, tax, taxes, taxmix, treasury
2 Comments
Dr Parkinson right that the GST should be broadened
I was pleased to see the Treasury Secretary, Dr Martin Parkinson, suggest today that the GST should be broadened to cover currently excluded items – i.e. health, education and fresh food (see Fiscal sustainability and living standards – the decade … Continue reading
Weekend reading – 15-16 March
The Productivity Commission’s monster of a report on Public Infrastructure, which (rightly) recommends congestion pricing on roads, is worth reading, particularly because of the excellent Chapter 14 in Volume 2 on Social and Economic Regulation. On the costs to business … Continue reading
Posted in Uncategorized
Tagged cciq, education, grattan, infrastructure, interstatemigration, migration, population, qldtreasury, redtape, regulation, roads, teachers, teaching, treasury
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Treasury wants to acknowledge unreliability of budget estimates
There’s a great new working paper out today from the Commonwealth Treasury, Estimates of Uncertainty Around Budget Forecasts, which suggests a change to budget reporting that would make it hard for current and future Australian Governments to claim they will … Continue reading
Posted in Budget
Tagged abc, abcbrisbane, australia, budget, confidenceintervals, forecasterrors, treasury, uncertainty
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Queensland Economy Watch 