A leading Australian economist says more focus needs to be put on productivity to pull Australia out of a deficit. 

The federal Budget announced yesterday included tax cuts and cost of living relief for households. 

HSBC Chief Economist Paul Bloxham told Mike Hosking with big spending measures announced in the lead up to the election, deficits to the tens of billions are forecast for years to come. 

He says the best way to change that is to boost Australia's slumped productivity, which is at the same level as it was in 2016. 

LISTEN ABOVE 

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

A leading Australian economist says more focus needs to be put on productivity to pull Australia out of a deficit.&nbsp;
The federal Budget announced yesterday included tax cuts and cost of living relief for households.&nbsp;
HSBC Chief Economist Paul Bloxham told Mike Hosking with big spending measures announced in the lead up to the election, deficits to the tens of billions are forecast for years to come.&nbsp;
He says the best way to change that is to boost Australia's slumped productivity, which is at the same level as it was in 2016.&nbsp;
LISTEN ABOVE&nbsp;
The podcasts in the&nbsp;SME&nbsp;Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

Looking for actionable business insights all in one place? 

We're here to help you find a way with a curation of the ‘best bits’ from top business podcasts. 

Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today. 

 

Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
&nbsp;