Treasurer Says a ‘Couple of Years’ Needed Before Productivity Can Improve

The treasurer said there would be no change to taxing unrealised capital gains.
Treasurer Says a ‘Couple of Years’ Needed Before Productivity Can Improve
Australian Prime Minister Anthony Albanese and the Treasurer, Jim Chalmers visit Sunnybank Market Square in the electorate of Moreton in Brisbane, Australia on April 29, 2025. Asanka Ratnayake/Getty Images
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Federal Treasurer Jim Chalmers issued a gloomy warning on the economic future of Australia prior to being sworn in for Labor’s second term.

“Productivity is a challenge which has been a feature of our economy for some decades, and it will take more than a couple of years to turn around,” Chalmers said, adding that he has been engaging with major business leaders over the past week to discuss solutions.