A Focus on Growth
Lifting the growth potential of the economy will involve changes across a range of areas. The Government is pursuing a medium-term growth agenda based around six policy drivers: a better regulatory environment for business; improved skills and education; quality infrastructure; innovation and business support; improved public sector performance; and tax.
We need to shift the focus of the economy towards productive investment, saving and exports and away from consumption, borrowing and government spending. To achieve this shift, the Government is taking action on a number of fronts: tax reform to improve incentives to save; controlling government expenditure to help reduce government debt; and managing the resources used by the public sector more efficiently to free up resources for the tradable sector.
