Today the ABS released its annual State Accounts publication for financial year 2017/18. This publication provides the most detailed report available on the South Australian economy in aggregate; the ABS quarterly publications are less detailed.
South Australia’s gross state product (GSP) grew by 2.0 per cent in 2017/18, compared with 2.8 per cent growth in […]
Total employment in South Australia showed a flat trend in October 2018, as it has over the last 6 months, according to ABS Labour Force Survey data released today. Full-time employment shows similar patterns.
But although employment growth has slowed recently, total employment in October was still 1.5 per cent higher than a year earlier, and […]
Unemployment rate stabilises, more full time jobs created despite downturn in employment growth
The September 2018 Labour Force Survey results – released by the ABS today – indicate that through mid 2018 the SA labour market has been in its best condition since 2012. However, improvements in the labour market appear to have now stalled.
In September […]
Yesterday Treasurer Rob Lucas brought down the Marshall Government’s first Budget.
The Budget foreshadows a significant contraction in the SA public sector’s share of the economy, with the ratio of expenses to GDP projected to fall from a little over 18 per cent of gross state product (GSP) in 2017/18 to 16.4 per cent of GSP […]
A number of submissions to the Productivity Commission’s Horizontal Fiscal Equalisation (HFE) Inquiry have argued that GST grants should be distributed between the States equal per capita. But conventional policy goals such as promoting efficiency, equity and productivity at the national level provide no support for this prescription.
NSW and WA have argued to the Inquiry […]
There are some interesting submissions at the PC’s Horizontal Fiscal Equalisation (HFE) Inquiry website.
Victoria, Queensland, SA, Tasmania, ACT and NT are all in favour of HFE albeit with some suggestions for improvement. None of these States buy the line that HFE is undermining reform, growth or productivity. NSW and WA are opposed to HFE and […]