(coming soon: michaelpascoe.com.au). treasury august 2
TRANSCRIPT
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(coming soon: michaelpascoe.com.au)
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Treasury August 2
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Deficits, thankfully!
Actual Estimates Projections
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Underlying cash balance ($b) -43.4 -19.4 -30.1 -24.0 -4.7 4.0
Per cent of GDP - 2.9 -1.3 -1.9 -1.5 -0.3 0.2
Source: Treasury August 2
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The big spend comes later
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Source: Treasury August 2
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RBA monetary statement May 10
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RBA monetary statement August 9
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Housing loan approvals
Source: RBA chart pack August 7
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Investors investing
Source: ABS August 7
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Owner occupier new dwellings finance
Source: ABS August 7
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Source: RBA chart pack August 7
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Source: Treasury August 2
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Westpac/Melbourne Institute August 14
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The forgotten recent past
May 2008
Unemployment 4.2%
Home Mortgage 9.45%
RBA core inflation 4.1%
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July 30
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RESTRUCTURING HAPPENS
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Necessity, the mother of productivity
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Total capex
Source ABS May 30
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Canine Corp
CEO CFO
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Mining capex
Source ABS May 30
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Treasury PEFO August 13
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Manufacturing capex
Source ABS May 30
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Source: RBA monetary statement May 10
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Source: RBA chart pack August 7
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Source: RBA chart pack August 7
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PEOPLE – our future
2008 Net migration 315,700 (up 29%) Population growth 2.2% (467,300) 2012 Net migration 235,900 (up 17%) Population growth 1.8% (394,200) (NSW 1.2% Vic 1.8% Qld 2.0% WA 3.5%)Source: ABS June 20
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Bell ringer
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Source: ASFA white paper May 15
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The China exports myth
Source: CEIC, ANZ Bank projection
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Source: CEIC, ANZ Bank projection