‘Not awash with economic credibility’: Chalmers snipes Coalition over Budget criticism

Treasurer Jim Chalmers has defended the government's centrepiece Future Made in Australia Act, accusing the Opposition of seeking to deny Australian workers"a bigger slice of the action," and dismissing claims the Budget policy could add to inflation.Treasurer Jim Chalmers has dismissed the Opposition as lacking"economic credibility" over criticism of the Albanese government's Future Made in Australia Act.

Treasurer Jim Chalmers has dismissed the opposition as lacking"economic credibility" over criticism of the Albanese government's Future Made in Australia Act. Picture: NCA NewsWire/Martin Ollman "What happens right now is that the system gets more or less gummed up by spending a lot of time and resources on low-risk proposals, we want to spend more time and effort, energy and resources on the higher-risk proposals in some of our critical industries."

They have also been backed up by the government's own handpicked chair of the Productivity Commission, Danielle Wood, who has warned that without a clear exit strategy, the government was risking creating industries dependent on subsidies and without clear competitive advantages. "They're not awash with economic credibility, we understand that every time that they open their mouth," he said.

Productivity Commission chair Danielle Wood cautioned that without a clear exit strategy, the government was risking creating industries dependent on subsidies and without a clear competitive advantages. Picture: Aaron Francis/The Australian

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