Budget too optimistic about productivity: KPMG
KPMG modelling shows Australia’s sovereign debt will continue to climb if productivity fails to improve on recent performance – contrary to what the federal budget has suggested.
According to a KPMG Economics report, preliminary modelling shows that if the annual growth in multi-factor productivity is 0.25 percentage points below its trend growth, the budget balance will deteriorate by almost $11 billion over four years.
Read the full story at InvestorDaily.
