Tag Archives: vfi

Hospital funding fight the latest illustration of the big problem with vertical fiscal imbalance in our federation

Posted on October 6, 2021 by Gene Tunny

There is a deep structural problem underlying the current hospital funding fight between the Queensland Premier and the PM, the vertical fiscal imbalance (VFI) between the state’s spending responsibilities and the Commonwealth’s revenue raising powers. The states receive around half … Continue reading →

Posted in Budget | Tagged , , , , , , , , | 4 Comments

GST & Vertical Fiscal Imbalance video

Posted on July 26, 2020 by Gene Tunny

The Update on Queensland’s fiscal position media release from state Treasurer Cameron Dick last Thursday noted “over the 2019-20 and 2020-21 financial years, GST receipts to Queensland will be cut by up to $2.5 billion compared to our MYFER [Mid … Continue reading →

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Premier’s 2016 Lodge dinner remark to Turnbull highlighted Vertical Fiscal Imbalance problem

Posted on May 11, 2020 by Gene Tunny

I started reading Malcolm Turnbull’s autobiography A Bigger Picture on the weekend, and it’s much better than I expected, with lots of interesting revelations and insights into the last couple of decades of Australian politics. One of my favourites is … Continue reading →

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

Higher long-term unemployment a marker of Qld’s under-performance relative to rest of Australia

Posted on December 30, 2019 by Gene Tunny

In its 2019-20 Mid-Year Fiscal and Economic Review released in mid-December, the Queensland Government revised down the state economic outlook, with economic growth revised to 2.5%, down from 3%, and the unemployment rate revised upwards to 6.25% from 6% for … Continue reading →

Posted in Labour market, Uncategorized | Tagged , , , , , , , , , , | 3 Comments

Qld-Commonwealth argy bargy over dam funding & vertical fiscal imbalance

Posted on October 16, 2019 by Gene Tunny

The argy bargy over dam funding between the federal and state government reported by the Courier-Mail (State accuses feds of holding out on dam money) earlier this week is yet another illustration of a big problem in our federation: vertical … Continue reading →

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ABC radio interview on population growth & State income tax proposal

Posted on March 30, 2016 by Gene Tunny

I had an enjoyable chat with Steve Austin on 612 ABC Brisbane radio this morning regarding two topics, Queensland’s underwhelming population growth rate and the State income tax proposal from the Commonwealth Government: Fewer people moving interstate to Queensland The … Continue reading →

Posted in Migration, Population, Uncategorized | Tagged , , , , , , , , , , , , , , | 10 Comments

Medicare levy hike would not address major problem of vertical fiscal imbalance

Posted on August 4, 2015 by Gene Tunny

The Daily Telegraph today reports some new modelling on the proposed Medicare levy hike undertaken by my old friend and former Queensland resident Ben Phillips, now Principal Research Fellow at NATSEM: Medicare: Levy hike would cost families $2000 a year … Continue reading →

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

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