The Money Cafe with Kirby and Kohler: The Budget, and is inflation higher than we think?
The iron ore price is vital for Treasury’s calculations. Alan Kohler and James Kirby discuss where to next.
So where to next?
Don’t ask Treasury, they just work with assumptions, not projections.
In this week’s episode of The Money Cafe, James Kirby and Alan Kohler discuss Canberra’s budget arithmetic, the elementary mistake in CPI calculations and Amazon’s march into Australia.
Listen below or click here to subscribe on iTunes.
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When every five dollars added to the iron ore spot price translates roughly to an extra billion dollars in Australia’s budget, the future trajectory of the resource becomes vital.