Connect with us

Business

The federal budget’s forecasts have relied on dodgy assumptions for years – ABC News

When the assumptions behind the budget forecasts are wrong, who is responsible for the damage?

Published

on

Article feature image

The federal government will release its budget this week.
The numbers in the budget will be based on “forecasts” of the economy.
Specifically, they will rely on forecasts for wages growth, inflation, employment, taxes, population, and commodity prices, among other things.
Some of the government’s decisions about where to spend money, and how much to spend, will be based on those forecasts.
But what if the assumptions behind the forecasts turn out to be wrong?
Well, as it turns out, some have been…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
A new report has revealed a looming catastrophe for homeowners as debt levels rise – NEWS.com.au
Article feature image
Sydney CBD gyms and Illawarra locations join growing list of COVID-19 exposure sites across NSW – ABC News