Productivity Commission says government taking productivity challenge 'seriously'

The federal government says productivity will be a key pillar in tonight's budget.The Treasurer Jim Chalmers says a "productivity package" will incentivise states to adopt reforms aimed at speeding up housing approvals and construction.The Productivity Commission says regulation is adding up to $320,000 to the cost of an average home, and it's urging the government to embrace wider economic reforms.Guest: Danielle Wood, Chair of the Productivity Commission.Producer: Jason Whittaker