Accelerating State Productivity

Productivity plays a crucial role in sustaining economic growth, particularly as Queensland faces the potential decline in income from key exports like gas and coal due to global shifts in energy demand. As revenue from these sectors diminishes, the importance of an efficient and effective taxation system becomes even more critical for funding essential government services. To ensure long-term fiscal sustainability, it will be necessary to explore alternative revenue streams and enhance productivity across other sectors, supporting the economy’s transition while maintaining the quality of public services.