5 years ago
TREASURY DISOWNS LIBERALS’ JOBS TARGET
CHRIS BOWEN MP
Today at Senate Estimates Treasury officials confirmed that the government’s 1.25 million jobs target is completely at odds with Treasury’s own budget figures.
When asked about the Government’s jobs target, the Deputy Secretary of Macroeconomic Group confirmed that the government’s target would require annual jobs growth of 1.9% which his higher than the1½% or 1¾% assumed in current budget figures.
MEGHAN QUINN:In order to hit the commitment of 1.25 we need employment growth of 1.9 per cent per year on average over the next five years.
KRISTINA KENEALLY: And it is correct to say that for the next two years the projections on MYEFO do not hit 1.9 per cent?
MEGHAN QUINN: So we are expecting employment to grow in the order of 1.75, yes.
Treasury officials also confirmed that when asked about whether Treasury had undertaken work on the target, they confirmed no specific analysis had been done.
For the Treasurer and Prime Minister to announce an aspirational jobs target without Australia’s premier economics department, the Treasury to even assess it goes to the utter chaos in this government.
It highlights the current government’s day by day approach to policy, full of headlines, zero on substance.
When asked about the Government’s jobs target, the Deputy Secretary of Macroeconomic Group confirmed that the government’s target would require annual jobs growth of 1.9% which his higher than the1½% or 1¾% assumed in current budget figures.
MEGHAN QUINN:In order to hit the commitment of 1.25 we need employment growth of 1.9 per cent per year on average over the next five years.
KRISTINA KENEALLY: And it is correct to say that for the next two years the projections on MYEFO do not hit 1.9 per cent?
MEGHAN QUINN: So we are expecting employment to grow in the order of 1.75, yes.
Treasury officials also confirmed that when asked about whether Treasury had undertaken work on the target, they confirmed no specific analysis had been done.
For the Treasurer and Prime Minister to announce an aspirational jobs target without Australia’s premier economics department, the Treasury to even assess it goes to the utter chaos in this government.
It highlights the current government’s day by day approach to policy, full of headlines, zero on substance.