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Six months after a productivity push, experts urge bold reforms in May’s budget to tackle stagnation and inefficiency.
Six months after Treasurer Jim Chalmers convened a productivity roundtable, participants remain cautiously optimistic despite stagnant productivity, worsening supply constraints, and resurgent inflation undermining living standards.
While praising Chalmers’ initiative and noting government steps like streamlined environmental approvals and a pause on construction code changes, they stress that decades of short-term political priorities hinder long-term progress.
Experts agree bold, systemic reforms—particularly in tax policy and regulation—are needed in the upcoming May budget to address deep-rooted inefficiencies and restore economic momentum.
Seis meses después de un impulso a la productividad, los expertos instan a reformas audaces en el presupuesto de mayo para hacer frente al estancamiento y la ineficiencia.