House debates Questions without Notice

Economy

Thursday, 10 May 2007 House of Representatives

Wayne Swan

Wayne Swan Lilley, Australian Labor Party, Shadow Treasurer

2:00 pm

My question is directed to the Treasurer. Does the Treasurer agree that robust productivity growth is necessary to underpin future growth in the economy, incomes and jobs? Treasurer, if this is a budget for the future that will lift the capacity of the economy, why do the budget forecasts of employment growth and GDP imply productivity growth of just 1.75 per cent per annum in the last two years of the forward estimates, barely half the growth rates of 3.2 per cent achieved during the 1990s?

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