Treasury mindful of gaps in living standards framework

Wed, 19 Jun 2019

By Paul McBeth June 19 (BusinessDesk) - Treasury has identified parts of its living standards framework where more information is needed and says some of its work is pushing the boundaries of economic theory. Deputy secretary Struan Little, who was filling in for Secretary Gabriel Makhlouf, told Parliament's finance and expenditure committee that the well-being budget had attracted a lot of attention at an OECD meeting he attended a couple of weeks ago, with most developed countries interested in how to use the framework to then allocate...

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