Treasury dumps ‘wellbeing’ framework. Population ponzi next?

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By Leith van Onselen

The Australian’s David Uren has reported today that the secretary of the Australian Treasury, John Fraser, has dumped the department’s “wellbeing framework” – which has been in place since 2001 – in favour of one that identifies the budget, boosting productivity and securing the benefits of globalisation as the its principal priorities:

“I wanted to focus on the things where we can have an influence,’’ he told The Australian.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.