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John Lawrence
39 followers -
Accountant, economist and public policy researcher.
Accountant, economist and public policy researcher.

39 followers
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State Budget: Back to the barn
Put
away the Prozac. There are now surpluses as far as the eye can see. That
is the message from this year’s State budget. The
following chart shows the estimated outcome for 2016/17 and the next three
years forecasts. The
net operating balance is a profit ...

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Budget pork
If
it sounds too good to be true it probably is. When
a government announces in a Budget that it will spend extra on health next year,
is that compared to 1.    what has been spent in the current
year?; or 2.    what it intended to spend a year ago? In
the ...

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The bank competition myth
“Australian banks  are upset.  Their
$30 billion per year gravy train of profits from the Australian people is
finally being slowed down. A levy on bank liabilities of 0.06% annually  was announced  as
part of the 2017 Federal government budget, and is expe...

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Game of Mates
“This is the story of
how Australia became one of the most unequal societies in the Western world
while merely a generation ago it was one of the most equal. It is the story of
how groups of ‘Mates’ have come to dominate our corporate and political sectors,...

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Game of Mates
“This is the story of
how Australia became one of the most unequal societies in the Western world
while merely a generation ago it was one of the most equal. It is the story of
how groups of ‘Mates’ have come to dominate our corporate and political sectors,...

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A note on GST relativities
If
you want to understand more about how the GST pool is split between States have
a look at the following table. This
is from the 2015 GST Review by the Commonwealth Grants Commission. Tasmania’s
share of the GST pool was assessed at 181.9% of its per capi...

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A note on GST relativities
If
you want to understand more about how the GST pool is split between States have
a look at the following table. This
is from the 2015 GST Review by the Commonwealth Grants Commission. Tasmania’s
share of the GST pool was assessed at 181.9% of its per capi...

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Good vs bad budget nonsense
It’s
good that the Federal Treasurer has raised the possibility of legitimising more
government debt.   The
Federal government budget papers are to be revamped, we are told, to more
realistically reflect good and bad debt. What
does all this mean? From
an a...

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Hydro vs Basslink episode 23
Little is publicly
disclosed about the latest dispute between Hydro Tasmania (HT) and Basslink Pty
Ltd (BL) following the six month cable outage from December 2015 to June 2016. BL
has just revealed a little more with the lodgement of its 2016
Financial Sta...

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Reforming banking
Economist
Nicholas Gruen has posted a couple of interesting articles recently about reforming
banking. Our central bank, the Reserve Bank RBA, lies at the heart of the
banking system. Rethinking and adapting its role more in line with the internet
age could...
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