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Money not all that matters

22/01/2018

Ele l adds some additional thoughts to this matter, which I did not think of in my prior post on this

Homepaddock

Treasury has made a coding error in its  modelling of projected changes in child poverty.

“The error in our microsimulation modelling affects our assessment of both the Families Package announced in December 2017 and comparisons with the previous Government’s Family Incomes Package announced in May 2017,“ says the Secretary to the Treasury, Gabriel Makhlouf.

“The error likely led to an overstatement of the projected impact both packages would have on the reduction of child poverty.

“It affects our projections of the number of children expected to be in low-income households, and the number to be lifted out of poverty*, by 2020/21,” Mr Makhlouf says. 

“The extent of any change in the projections on child poverty is still being determined.  Because the error applies equally to comparisons with the previous Government’s Family Incomes Package, the estimated relative impact of the two packages is essentially unchanged,” Mr Makhlouf says. . . 

The…

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