Morrison says record low salaries will impact on budgetSYDNEY: Australian treasurer Scott Morrison said he’s still “very concerned” about the impact of record-low wage growth on the budget even after the economy rebounded strongly in the final three months of last year. “Often what you pick up on the swing you lose on the roundabout,” Morrison said. “We remain very concerned about wages growth. “If there’s an improvement in commodity prices, then that goes toward budget repair. It reiterated a projected surplus in 2021 as Morrison struggles to stave off a downgrade to Australia’s AAA rating.

Source: The Star March 05, 2017 23:27 UTC