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.

by Shared by InvestorDaily | 17 May, 2016

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.

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