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Mid Year Budget Review 2019, page-2

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Reaper11

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16/12/19

08:20

Post #: 41981447
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Originally posted by DrStrangelove: ↑

So apparently the govt is going to lever the low wages growth against inflation in it's mid year review later today.

My prediction:
1) an inflation rate of 1.7%;
2) CPI 1.7% held down by reduction in retail spend and price cutting;
3) public servant wages increase 114% of private sectors wages;
4) weighted wages growth average 2.27%;
5) debt out of govt control

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When you say public servant wage increases 114% of the private sector, you mean something like private sector wage growth about 2.15%, public sector wage growth about 2.45%? A differential of about 0.3 of 1%?

Reaper
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