Governments manage governments not economies. The responsibilities of government are to effectively manage public spending and ensure existing laws and regulations do not discourage economic growth and development. This includes implementing budget discipline by avoiding unsustainable public debt burdens for current and future generations.
The Australian Chamber actively promotes continuous microeconomic reform to ensure greater efficiency and international competitiveness of the Australian economy. Of particular importance is the identification of a clear and achievable pathway back to budget surplus, with tangible proposals to achieve Government spending restraint.
Our policy objectives for the economy:
- Strong economic growth and rising living standards
- Improved productivity growth
- Internationally competitive
- Supportive of innovation and business agility
- Restrained public sector spending and debt