Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 27 August 2015

In God we trust, all others must bring data...

Some media releases from the Australian Bureau of Statistics (ABS) - particularly the jobs figures - have been suffering from a credibility deficit.

OK, so smart alec comments from eejits on Twitter don't help the cause much, but there is a serious underlying point here, and that is that the ABS needs adequate funding.

This isn't a swipe at any political party in particular, since both Labor and the Coalition have presided over under-funding the bureau.

Nothing good will come of this, although the Budget should allow for some improvement.

Take this from the ABS last week on the forthcoming 2016 Census:

“The ABS appreciates submissions received from interested parties about the retention of topics and new topics for inclusion in the 2016 and future Censuses,” Mr Kalisch said.

“To maintain important time series information and to ensure the 2016 Census can be delivered within allocated funding, 2016 Census topics will be the same as in the previous two Censuses, with minor changes to enhance some Census questions."

Thanks for your interest one and all, but we don't have the funding to do anything more in-depth.

This is not cool!

Given that crucial policy decisions are made on the back of key ABS figures, the bureau should receive requisite funding.