{"id":64788,"date":"2025-08-13T10:04:08","date_gmt":"2025-08-13T10:04:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/64788\/"},"modified":"2025-08-13T10:04:08","modified_gmt":"2025-08-13T10:04:08","slug":"treasurer-jim-chalmers-warned-of-budget-hit-from-slow-productivity-growth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/64788\/","title":{"rendered":"Treasurer Jim Chalmers warned of budget hit from slow productivity growth"},"content":{"rendered":"<p>Treasurer Jim Chalmers faces a potential $40 billion annual budget hit over the next decade, as stagnant productivity threatens to punch a hole in tax revenue due to lower wages and business profits, economists say.<\/p>\n<p>Treasury forecasts productivity growth to rebound to an improbable 1.2 per cent a year over the next decade, well above the <a href=\"https:\/\/www.afr.com\/policy\/economy\/rba-bombshell-exposes-grim-reality-for-chalmers-20250812-p5mm7j\" rel=\"nofollow noopener\" target=\"_blank\">Reserve Bank of Australia\u2019s new lowered assumption of 0.7 per cent<\/a> over the next two years.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Treasurer Jim Chalmers faces a potential $40 billion annual budget hit over the next decade, as stagnant productivity&hellip;\n","protected":false},"author":2,"featured_media":64789,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-64788","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/64788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=64788"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/64788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/64789"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=64788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=64788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=64788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}