All borders to reopen.
A closed border for no real reason or pay higher taxes/council rates!
The Palaszczuk government will head into the October 31 election with ballooning state debt and a yearly interest bill expected to rise by $500m as a result of the economic turmoil wrought by coronavirus.
Economists forecast Queensland’s fiscal position is likely to have deteriorated since the last update given in July when Treasurer Cameron Dick presents a budget update on Monday.
The Palaszczuk government did not produce a budget this year, citing the pandemic.
Even before the virus, the government was struggling to control its state debt, which had blown out by $1bn in the latter half of last year. Economists believe the state debt will rise above $100bn within two years and could reach up to $110bn by 2024.
In July, Mr Dick revealed Queensland’s share of GST had dropped $2.5bn from the MYFER estimates and there had also been a $1bn decrease in state taxes and royalties.
Meanwhile, expenditure had increased by about $6bn as the state battled to stimulate the economy.
Economist Gene Tunny expected Monday’s update would reveal a deterioration in the budget since the July update, which came prior to Victoria entering stage four lockdown.
He predicted the state’s interest bill would hit $2bn, from a total budget of about $60bn.
“Ultimately it means you have to pay higher taxes and charges than otherwise or (the government) has to spend less on services like health and education,” Mr Tunny told The Australian.
“It means a rising interest bill and the government having to service that debt. They could be doing that for a very long time.”
Mr Tunny predicted fiscal deficits could reach $10bn in 2019-20 and $14bn to $15bn in 2020-21 with a state debt — originally forecast to top $90bn by 2022-23
— of $105bn to $110bn by mid-2024.
Deputy Premier Steven Miles refused to reveal details of the update on Sunday. “Queensland hasn’t been immune to the global pandemic or the global economic repercussions,” he said.
State to pay $2bn a year in interest
CHARLIE PEELThe Palaszczuk government will head into the October 31 election with ballooning state debt and a yearly interest bill expected to rise by $500m as a result of the economic turmoil wrought by coronavirus.
Economists forecast Queensland’s fiscal position is likely to have deteriorated since the last update given in July when Treasurer Cameron Dick presents a budget update on Monday.
The Palaszczuk government did not produce a budget this year, citing the pandemic.
Even before the virus, the government was struggling to control its state debt, which had blown out by $1bn in the latter half of last year. Economists believe the state debt will rise above $100bn within two years and could reach up to $110bn by 2024.
In July, Mr Dick revealed Queensland’s share of GST had dropped $2.5bn from the MYFER estimates and there had also been a $1bn decrease in state taxes and royalties.
Meanwhile, expenditure had increased by about $6bn as the state battled to stimulate the economy.
Economist Gene Tunny expected Monday’s update would reveal a deterioration in the budget since the July update, which came prior to Victoria entering stage four lockdown.
He predicted the state’s interest bill would hit $2bn, from a total budget of about $60bn.
“Ultimately it means you have to pay higher taxes and charges than otherwise or (the government) has to spend less on services like health and education,” Mr Tunny told The Australian.
“It means a rising interest bill and the government having to service that debt. They could be doing that for a very long time.”
Mr Tunny predicted fiscal deficits could reach $10bn in 2019-20 and $14bn to $15bn in 2020-21 with a state debt — originally forecast to top $90bn by 2022-23
— of $105bn to $110bn by mid-2024.
Deputy Premier Steven Miles refused to reveal details of the update on Sunday. “Queensland hasn’t been immune to the global pandemic or the global economic repercussions,” he said.
Oh,cant believe we now see another taxpayer paid politician refusing to reveal details.
Every 1 of them deserve to be thrown out of office & australia be governed by 1 government,its about time these tossers were made accountable for their actions,that applies to all state governments,the whole country has had enough.
If we were to translate the Swedish figures into OZ we would have seen;
15000 deaths
218000 positive cases.
Sweden's economy in the last quarter shrunk 8.6%
Australia had;
753 deaths
26,278 positive cases.
Economy in the last quarter shrunk by 7%
Which would you rather have?
15000 deaths
218000 positive cases.
Sweden's economy in the last quarter shrunk 8.6%
Australia had;
753 deaths
26,278 positive cases.
Economy in the last quarter shrunk by 7%
Which would you rather have?
swedens GDP contraction was far less than the EUs at 11.4%.
also, all those jobkeeper/seeker dollars being spent are included in ours. They’re all borrowed dollars
Interesting?
The more you study your opponent the better you are equipped to deal with it.
Sweden is not doing as well as may of you want to think, even worse when compared to other similar countries.
https://www.barrons.com/news/virus-f...511904?tesla=y
https://www.scoop.co.nz/stories/HL20...oronavirus.htm
The more you study your opponent the better you are equipped to deal with it.
Sweden is not doing as well as may of you want to think, even worse when compared to other similar countries.
https://www.barrons.com/news/virus-f...511904?tesla=y
https://www.scoop.co.nz/stories/HL20...oronavirus.htm
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Todays cases/deaths in Vic 41/9. last 3 days 80s/90s/63 now 41. By the end of the week we should be in the low 20s.
So whats the purpose of another 8 weeks of lockdown? Of course elimination, not flatten the curve as of the first 4 months.
Vic has had only 1 case in 7 months associated with pubs only. Apparently still way to high. Further more Sutton has
based the 6 weeks stage 4 based on a guess. Interesting science and model this one.
So whats the purpose of another 8 weeks of lockdown? Of course elimination, not flatten the curve as of the first 4 months.
Vic has had only 1 case in 7 months associated with pubs only. Apparently still way to high. Further more Sutton has
based the 6 weeks stage 4 based on a guess. Interesting science and model this one.
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Good to see ML is going in the right direction. I would like to think Dan Andrews could be tending towards expect the worse hope for the best approach he announcing what he did gives leverage. If he says late November then people plan for that that’s ok he says Late October and it all turns to sh$t then we are all back to square one. Now he has leverage to open earlier If the cases stay suppressed before that.
Good to see ML is going in the right direction. I would like to think Dan Andrews could be tending towards expect the worse hope for the best approach he announcing what he did gives leverage. If he says late November then people plan for that that’s ok he says Late October and it all turns to sh$t then we are all back to square one. Now he has leverage to open earlier If the cases stay suppressed before that.
What this is showing is that theres basically no other community transmission & yet all we get is talk,he is now on the verge of losing control of all those he continually thanks for doing the right thing,pity he didnt because hes about to find out the power of the people he has taken for granted,enough is enough.
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Todays cases/deaths in Vic 41/9. last 3 days 80s/90s/63 now 41. By the end of the week we should be in the low 20s.
So whats the purpose of another 8 weeks of lockdown? Of course elimination, not flatten the curve as of the first 4 months.
Vic has had only 1 case in 7 months associated with pubs only. Apparently still way to high. Further more Sutton has
based the 6 weeks stage 4 based on a guess. Interesting science and model this one.
So whats the purpose of another 8 weeks of lockdown? Of course elimination, not flatten the curve as of the first 4 months.
Vic has had only 1 case in 7 months associated with pubs only. Apparently still way to high. Further more Sutton has
based the 6 weeks stage 4 based on a guess. Interesting science and model this one.
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He should have expected the worst when he put the hotel quarantine fiasco in place.
What this is showing is that theres basically no other community transmission & yet all we get is talk,he is now on the verge of losing control of all those he continually thanks for doing the right thing,pity he didnt because hes about to find out the power of the people he has taken for granted,enough is enough.
What this is showing is that theres basically no other community transmission & yet all we get is talk,he is now on the verge of losing control of all those he continually thanks for doing the right thing,pity he didnt because hes about to find out the power of the people he has taken for granted,enough is enough.
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Would you let Sutton prescribe you with drugs based on a guess or perform open heart surgery on a guess.
Or lets stick to reality destroy thousands of businesses on a guess.
The so called model they are working on will not be revealed that's my guess.
It's 11am next part of the movie is about to be filmed.
Or lets stick to reality destroy thousands of businesses on a guess.
The so called model they are working on will not be revealed that's my guess.
It's 11am next part of the movie is about to be filmed.
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All models are based on assumptions.
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All models are based on assumptions. Agree but tell business that. The science is wobbly though. Depends which epidemiologist you talk too.
This on 3aw this morning.
An epidemiologist says she found yesterday’s COVID-19 announcement “very bizarre” and she was “really disappointed” by the plan.Chair of epidemiology at Deakin University, Professor Catherine Bennett, said she doesn’t think continuing strict Stage 4 restrictions is needed.“Stage 3 plus masks worked as well as what we’re doing now, from what we can see from the outside,” she told Ross and Russel.“You don’t need to keep us in Stage 4, you just need to have a really smart path that keeps elimination suppressed but starts to open up, and then you get the best of both worlds: you’ve got people on board, you’ve got good compliance, and that’s how we wrap up the end of this tail.”Professor Bennett said the state government should be focused on stamping out COVID-19 in aged care and health settings, where most new Victorian cases are occurring.“We certainly know in the tail that we’ve got particular areas that should be priority areas. That’s what you focus on,” she said.But she urged Victorians to follow the rules set out by the state government.“The numbers are the key here not the dates, so I think we just go hard,” Professor Bennett said.“We may not like this road but the faster we move through it, the better.”
This on 3aw this morning.
An epidemiologist says she found yesterday’s COVID-19 announcement “very bizarre” and she was “really disappointed” by the plan.Chair of epidemiology at Deakin University, Professor Catherine Bennett, said she doesn’t think continuing strict Stage 4 restrictions is needed.“Stage 3 plus masks worked as well as what we’re doing now, from what we can see from the outside,” she told Ross and Russel.“You don’t need to keep us in Stage 4, you just need to have a really smart path that keeps elimination suppressed but starts to open up, and then you get the best of both worlds: you’ve got people on board, you’ve got good compliance, and that’s how we wrap up the end of this tail.”Professor Bennett said the state government should be focused on stamping out COVID-19 in aged care and health settings, where most new Victorian cases are occurring.“We certainly know in the tail that we’ve got particular areas that should be priority areas. That’s what you focus on,” she said.But she urged Victorians to follow the rules set out by the state government.“The numbers are the key here not the dates, so I think we just go hard,” Professor Bennett said.“We may not like this road but the faster we move through it, the better.”
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Regarding Sydney cases right now if they were under the Melbourne model, Sydney would be in curfew as well.
Next step by 28th Sept (30-50 cases average for 14 day period), possible.
Next step by 26th Oct (< 5 cases average for a 14 day period), unlikely.
Next step by 23rd Nov ( ZERO cases for a 28 day period not just Vic but other states for covid normal), impossible.
Feed this wonderful supercomputer trash and with zero economic consultation and you will
not get a road map out, but a dark alley to suicide.
As I said just about every month, the scary thing is not the virus the scary thing is how governments react to it. Right now Dan is scary.
Went shopping this morning and I saw the police doing phone/GPS checks on those breaking 1 hour outdoors.
I wonder if I'II get fined if I leave my phone at home. The Vic police almost as bossy as the SS.
Next step by 28th Sept (30-50 cases average for 14 day period), possible.
Next step by 26th Oct (< 5 cases average for a 14 day period), unlikely.
Next step by 23rd Nov ( ZERO cases for a 28 day period not just Vic but other states for covid normal), impossible.
Feed this wonderful supercomputer trash and with zero economic consultation and you will
not get a road map out, but a dark alley to suicide.
As I said just about every month, the scary thing is not the virus the scary thing is how governments react to it. Right now Dan is scary.
Went shopping this morning and I saw the police doing phone/GPS checks on those breaking 1 hour outdoors.
I wonder if I'II get fined if I leave my phone at home. The Vic police almost as bossy as the SS.
Last edited by Turnleft080; 7th Sep 2020 at 05:59.
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Their eyes in the sky yes (police drones in Vic), but that's a helluva pricey resource to use to track someone for an hour.
Regarding Sydney cases right now if they were under the Melbourne model, Sydney would be in curfew as well.
Next step by 28th Sept (30-50 cases average for 14 day period), possible.
Next step by 26th Oct (< 5 cases average for a 14 day period), unlikely.
Next step by 23rd Nov ( ZERO cases for a 28 day period not just Vic but other states for covid normal), impossible.
Feed this wonderful supercomputer trash and with zero economic consultation and you will
not get a road map out, but a dark alley to suicide.
As I said just about every month, the scary thing is not the virus the scary thing is how governments react to it. Right now Dan is scary.
Went shopping this morning and I saw the police doing phone/GPS checks on those breaking 1 hour outdoors.
I wonder if I'II get fined if I leave my phone at home. The Vic police almost as bossy as the SS.
Next step by 28th Sept (30-50 cases average for 14 day period), possible.
Next step by 26th Oct (< 5 cases average for a 14 day period), unlikely.
Next step by 23rd Nov ( ZERO cases for a 28 day period not just Vic but other states for covid normal), impossible.
Feed this wonderful supercomputer trash and with zero economic consultation and you will
not get a road map out, but a dark alley to suicide.
As I said just about every month, the scary thing is not the virus the scary thing is how governments react to it. Right now Dan is scary.
Went shopping this morning and I saw the police doing phone/GPS checks on those breaking 1 hour outdoors.
I wonder if I'II get fined if I leave my phone at home. The Vic police almost as bossy as the SS.
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Anyway checks were happening really don't know how they would police it either.
Originally Posted by The Fuzz
Victoria Police have confirmed the units are deployed in other areas in Melbourne but would not reveal how many units there are or their locations.
Regarding Sydney cases right now if they were under the Melbourne model, Sydney would be in curfew as well.
Next step by 28th Sept (30-50 cases average for 14 day period), possible.
Next step by 26th Oct (< 5 cases average for a 14 day period), unlikely.
Next step by 23rd Nov ( ZERO cases for a 28 day period not just Vic but other states for covid normal), impossible.
Feed this wonderful supercomputer trash and with zero economic consultation and you will
not get a road map out, but a dark alley to suicide.
As I said just about every month, the scary thing is not the virus the scary thing is how governments react to it. Right now Dan is scary.
Next step by 28th Sept (30-50 cases average for 14 day period), possible.
Next step by 26th Oct (< 5 cases average for a 14 day period), unlikely.
Next step by 23rd Nov ( ZERO cases for a 28 day period not just Vic but other states for covid normal), impossible.
Feed this wonderful supercomputer trash and with zero economic consultation and you will
not get a road map out, but a dark alley to suicide.
As I said just about every month, the scary thing is not the virus the scary thing is how governments react to it. Right now Dan is scary.
Don’t forget, these are the same people who took 3-4 days to get tested when they had symptoms, and then went back to work for 48 hrs while waiting for results. Don’t be surprised if they pass up the opportunity to test when they’re feeling unwell if they know a positive test could prevent the end of lockdowns.