House debates

Wednesday, 28 February 2007

Questions without Notice

Productivity

2:00 pm

Photo of Kevin RuddKevin Rudd (Griffith, Australian Labor Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister. I refer him to a statement by the Reserve Bank governor that the real consequence of persistently lower productivity growth into the long-term future is simply that living standards do not rise as quickly as they might have. I also refer to the 2006 OECD Education at a glance report, which found that investment in TAFE and university education in Australia declined by seven per cent while the average increase across OECD countries was 48 per cent. Does the Prime Minister accept any responsibility for Australia’s declining productivity growth?

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