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Chalmers says he has received a five-year review from the Productivity Commission about how Australia can respond to flagging productivity across the Australian economy.
The Treasurer says he is working through the 1000-page report and its 70 recommendations and will release the report in March – though he’s not obligated to release it under legislation to May.
I’d like to do that sooner, ideally in May, so that we can have this national debate about our productivity performance and some of the recommendations in there. Now, inevitably, a government won’t pick up and run with every single one of the recommendations from the Productivity Commission, but there may be some that we can run with. There will be some that align with the government’s economic plan and our policy objectives.
No doubt people will want to ask him about that and he can explain it. I think there’s a broader issue here about how the bank communicates the context for its decisions. This is one of the things that I have been discussing with the RBA Review Panel. I actually discussed it with them on Friday in one of the regular meetings that I have with the Review Panel, how they communicate their decisions and the context behind their decisions is one of the key focuses of that review.
Continue reading…Residents avoided the worst of storm, which reached gusts of 155km/h, but are still warned to show caution. Follow liveGet our morning and afternoon news emails, free app or daily news podcastChalmers says he has received a five-year review from the Productivity Commission about how Australia can respond to flagging productivity across the Australian economy.The Treasurer says he is working through the 1000-page report and its 70 recommendations and will release the report in March – though he’s not obligated to release it under legislation to May.I’d like to do that sooner, ideally in May, so that we can have this national debate about our productivity performance and some of the recommendations in there. Now, inevitably, a government won’t pick up and run with every single one of the recommendations from the Productivity Commission, but there may be some that we can run with. There will be some that align with the government’s economic plan and our policy objectives.No doubt people will want to ask him about that and he can explain it. I think there’s a broader issue here about how the bank communicates the context for its decisions. This is one of the things that I have been discussing with the RBA Review Panel. I actually discussed it with them on Friday in one of the regular meetings that I have with the Review Panel, how they communicate their decisions and the context behind their decisions is one of the key focuses of that review. Continue reading…