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 

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;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Paul Bloxham: HSBC Chief Economist on the Australian budget, their deficit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/42ccc360-8e00-4294-b061-b2ab0140d437/transcript