Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Link to this | Hansard source

asked the Minister representing the Treasurer, upon notice, on 18 August 2011:

With reference to the Treasury Carbon Tax modelling, Strong growth, low pollution: modelling a carbon price, and specifically page 5 of the 'Overview', is the statement 'gross national income per person is expected to grow at an annual rate of 1.2 per cent to 2020' an error, since it seems inconsistent with the figures in Table 1.1 on page 11.

Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Link to this | Hansard source

The Treasurer has provided the following answer to the honourable senator's question:

In the Strong growth, low pollution (SGLP) report, the growth rate of GNI per person in the global medium action scenario over the period (to 2050) is 1.2 per cent, consistent with the figure reported in Table 1.1 on page 11. There are two references to GNI per person in the scenario 'before domestic carbon pricing' on page 5 of SGLP report. The first reference has an inconsistency between the reported growth rate and the stated time period. The growth of GNI per person in the global medium action scenario over the period to 2020 is 1.6 per cent as reported in Table 5.1.