Treasury Says: Productivity Matters but Coalition Policy Doesn’t
Coalition Policies Will Not Improve Productivity According to Treasury
The latest Intergenerational Report (IGR 2021) reveals that the Treasury Department is more pessimistic about the medium-term outlook for productivity growth in 2021 than when they released the 2015 IGR.
In fact, the IGR 2021 reveals Treasury currently believes that none of the Coalition Government’s major reforms introduced since 2015 have had any impact on the likely rate of long-run productivity growth.
This is despite the pursuit of productivity growth appears to be central to the Coalition Government’s rationale for most of its policy announcements, as demonstrated in the Australia Institute’s analysis of media statements made by Ministers