Six Years of Zero Growth, $786B Spent | Australia's Productivity Crisis

Australia hasn't had real productivity growth in six years, but the government keeps spending more and taxing more to cover the gap. Nick goes through the federal budget numbers, what productivity actually means when you strip out the spin, and why the answer might not be another tax bracket or another levy, but actually spending less.

On this episode, we discuss:

(00:00) Intro
(00:17) Free Public Transport in Victoria and the $400 Million Price Tag
(00:58) Jacinta Allan on Sunrise and Victoria's $200 Billion Debt
(02:41) Federal Budget Reforms: CGT, Negative Gearing, Family Trusts
(03:42) Why Cutting Costs Is Easier Than Growing Revenue in Business
(06:06) Zero Productivity Growth for 6 Years and $786 Billion in Spending
(07:53) Why Government Doesn't Run Like a Business
(10:51) Public Sector Healthcare Productivity Down 13.5% Since 2017
(14:03) The $15 Billion CFMEU Money Nobody Investigated
(14:51) COVID Business Packages and 11% Non-Deductible ATO Interest
(17:16) Should the PM Earn $10 Million per year for Better Results
(22:37) Why More Australians Are Paying Attention to Government Waste
(25:16) The $20 Million Campaign to Pump Your Tyres

Check out the free resources from Inovayt here.

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The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson

This podcast is produced by VIDPOD.

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