Eric Abetz (Tasmania, Liberal Party, Shadow Minister for Employment and Workplace Relations) Share this | Link to this | Hansard source

asked the Minister representing the Treasurer, upon notice, on 19 June 2012:

With reference to the answer to Senate question on notice no. 1791, does the Treasury modelling rely on the same assumptions used to forecast the creation of half a million new jobs, as announced by the Government in the 2011-12 Federal Budget.

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:

The Treasury modelling for the Strong growth, low pollution report incorporated projections updated from the 2010 Intergenerational Report and consistent with the 2011-12 Budget. The modelling showed that jobs continue to grow under carbon pricing, with employment increasing by 1.6 million jobs by 2020, with or without carbon pricing.

The employment forecast produced in the 2011-12 Budget was only for the period between March 2011 and June 2013, and will be updated in the usual way at subsequent estimate updates.