Modernisation drive key to new chapter of reform
Modernising our economy and maximising our advantages is not about pursuing reform for its own sake, it’s to make our economy more productive, more competitive and more dynamic.
Modernising our economy and maximising our advantages is not about pursuing reform for its own sake, it’s to make our economy more productive, more competitive and more dynamic.
Mergers should drive improvements in productivity, put downward pressure on prices and deliver more choice for Australians dealing with cost-of-living pressures.
Australia will not follow the US and other countries when it comes to economic recovery and sustainability, focusing instead on a ‘uniquely Australian’ plan.
Our highest priority remains the persistent inflationary pressures that are coming at us from around the globe and putting a strain on people here at home.
The twin goals of expanding the labour market and sustaining full emplyment do not put us at odds with the RBA, as some commentators have wrongly said.
While poor productivity has been a problem across the advanced world for some time, the problems in Australia have been compounded by the missed opportunities.
The voice is good economic policy. It will help government listen to locals and direct money to where it’s needed and working.
Cost-of-living relief, a Medicare overhaul and prioritising clean energy are among the key focuses of the 2023 Federal Budget.
We’ll need this budget to strike a series of difficult balances.
Our plan to address inflation has three parts to it – responsible cost-of-living relief, dealing with supply chain issues and keeping spending under control.
Original URL: https://www.theaustralian.com.au/author/jim-chalmers/page/2