australian state debt comparison
In some analyses, debt is scaled to a variable like tax revenues, but this is not entirely appropriate as borrowing is a stock measure, while tax revenues is a flow measure. 0000083341 00000 n
If a government borrows to finance investment and/or to help the economy overcome a bad cyclical contraction, then a certain level of debt is not just acceptable, it’s arguably desirable. Once the money’s gone, it’s gone. 0000322009 00000 n
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Massive public sector debt is no longer just a WA thing. Another important point is that the 90% threshold is estimated from cross-country data on national or federal debt. At the same time, the state take-over of collapsing financialinstitutions, increases in welfare payments to the unemployed andeconomic stimulus package… 0000020295 00000 n
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�M���y%��q y2��%��D@*�L@������@%!P U��|ʀ��~p�TlCWǎIQN�%H�A�$[}��iu1e+�5:�c��p �֪&@�=��O���::����lcZ�3�i�3M��K��[$BƐK�nYr�5�g�TC!�~� Let’s consider a few different scenarios to show how much different government approaches would cut Queensland’s debt. The Reserve Bank of Australia may need to support the states and territories by buying more of their debt if recovery from the coronavirus crisis … 0000001356 00000 n
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Here's how they compare, dollar for dollar, and it looks like borrowing big no longer just a WA thing. 0000033492 00000 n
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Write an article and join a growing community of more than 114,000 academics and researchers from 3,716 institutions. If so, there are some serious political problems brewing on the eastern seaboard. It is indeed this higher growth rate that in the simulation moderates the increase in the debt-to-GSP ratio.
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If we repeat the exercise using the economic and fiscal conditions that occurred under the first of the two Bligh governments, then the answer would be 49%. The International Monetary Fund is forecasting it will drop in the next five years. 0000002841 00000 n
It certainly puts WA's debt into perspective. 0000089923 00000 n
When WA Opposition Leader Liza Harvey took the helm of her party – the same week as the latest Queensland budget – she was hit with the inevitable questions about her role in the Barnett Government's financial management and debt barbs from the Premier.
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For Queensland (and a few other states), the data for 2009-10 and 2010-11 are not reported. For these years, I referred to the Mid-Fiscal Year Review (various years). But at the end of all that we will have new schools, hospitals, roads, ports, football stadiums and train lines to show for the debt on the other side of the ledger. An economy that grows is an economy that can sustain its debt. 0000242424 00000 n
Shop online: If you can’t afford the time to shop around and compare prices, do it online. 0000246569 00000 n
Then I scaled debt data to Gross State Product (GSP). yL�NY �$l�� ����� ����YD�! 0000006575 00000 n
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