The Australian Industry Group has released its Ten Point Plan for economic growth.
The plan had been presented to the federal government prior to the release and suggests a return to balanced budgets is desirable, but doesn’t need to happen until the end of the decade.
Spending cuts would add to the stresses already faced by the manufacturing industry.
The industry has “been squeezed and sapped by high costs, the high dollar and low productivity growth,” said Ai Group CEO Innes Willox in a statement.
“Our concern is that in the rush to get the Federal Government Budget in order, measures and programs supporting innovation, capability building and skills development will be cut at a time when extra effort is critical.”
rebalancing of the economy and a repositioning of manufacturing for growth were
needed in response to the decline in mining investment.
The priorities addressed in the plan are below.
· Consolidation of Government Budgets
· Investing in Infrastructure
· Removing Key Workplace Relations Roadblocks
· Boosting Workforce Skills
· Building Innovation and Business Capabilities
· Lifting Manufacturing Performance
· Successful Transition for Automotive Manufacturing
· Reducing Regulatory Burdens
· Reforming Energy Markets
· Reducing Emissions and Meeting the Renewable Energy Target at Least Cost”
To read the Ai Group’s paper, click here.
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