Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) | Hansard source

I was explaining the evidence that Treasury has provided, through various committee proceedings that I've been at and that Senator Roberts has been at, that the productivity challenge that Australia has right now is similar to many advanced economies and that we had seen slowing productivity growth in the decade to 2020. We revised back the productivity growth assumptions in our budget on the advice of Treasury. Those had been hiding behind the myth of their numbers in their budget. We adjusted it based on advice from Treasury, and this budget has a range of measures that go right to the heart of driving productivity improvements, which, I would think, all of us in this chamber could agree is a good thing. Whether it be some of the regulatory reform work that I'm doing; removing some of the barriers to trade, which Senator Farrell's at the heart of; building a single national market; accelerating approvals with the work that Minister Watt's leading in the environment and the work that Minister O'Neil is doing in housing; the work with the states and territories looking at how we use data and AI—all of these big challenges that economies like Australia are grappling with, we are dealing with in this budget. I'm not sure—the clock ran out.