Productivity is the greatest structural problem in our economy, according to Treasurer Jim Chalmers. He says there is “no higher priority for reform”. Announcing a A$900 million productivity fund to be shared with the states, the treasurer told a meeting of the Australian Business Economists on Wednesday Australia’s productivity challenges would take time to turn around. The boost comes on top of measures in the ambitious $22.7 billion Future Made in Australia initiative announced as part of the federal budget in May. The new fund is similar to a scheme under the Keating and Howard governments. That scheme helped the…
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