Only a small part of this cost blow-out will be fixed by a regulatory review of the building industry, which, while important, will do nothing to stem the excess demand created by the government.
Topic: Economics
Government spends the smash and grab TattsLotto windfall from coal royalties to win the next election
The best predictor of future performance is past performance, and we’ve now had 9 years since Labor came to government in each of which the financial situation of the state has deteriorated.
Thank you to state treasurer for detailed analysis of our submission, but he made some mistakes
Australian Institute for Progress thanks State Treasurer Cameron Dick for drawing attention to their submission to the Parliamentary Cost of Living and Economics Committee criticising the $1,000 electricity rebate as an electoral bribe, but wishes to correct a few mistakes.
Commonwealth Budget 2024
With the COVID policy settings in the rear view mirror a good government would be trying to return us to back to the status quo ante, at the very least, but this is not a good government.
Queensland is the latest state to feel pain of misallocation of GST revenues
The Australian Institute for Progress has renewed calls for GST revenue to be distributed to the states on a per capita basis as galloping mining revenues in WA and Queensland expose the structural weaknesses in the current system.
Covid-19 and Australian federalism
Did you know that some of the most successful countries in the world are federations?
Rule out changing negative gearing
It’s time for the prime minister to step up and rule out tinkering with the housing market and get on with the job of creating more supply. In particular he must rule out any changes to negative gearing.
Go for Olympic host city gold – and go for broke too
The Olympic business model means that host cities invariably lose out. Brisbane will need a heroic effort to avoid that fate.
Victorian ‘windfall tax’ kicks entrepreneurs and home buyers
Other state governments should not copy this misguided tax, which will stymie development and push up house prices.
Cross River Rail: privatisations, cost over-runs, and no patrons
The private part of the partnership buys the rights to the system for 24 years for $1.5 Bn, and then allows Queensland Rail to use it for a payment over the same period of $2.4 Bn, plus another $2.4 Bn for maintenance.