The Forum > General Discussion > Regulation Growth vs Economic Growth
Regulation Growth vs Economic Growth
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The cost to taxpayers of these regulators will be around $15 billion. An increase of $2.7 billion since 2023.
This increased cost to the Australian taxpayer is a result of hiring staff in the Climate Change, Environment and Water portfolio.
Productivity in Australia is collapsing, while the red/green tape appliers are more than ever burdening business and economic growth.
Half of the federal government workforce is engaged in regulatory activities. Red tape soared by 88% from 2005-2013. Its growth has been two-thirds greater than the overall growth in the national economy in the same period.
(Source, Institute of Public Affairs)