Economic growth remains essential to support continued improvements in factors that affect people’s wellbeing, from health and employment to education and quality of life, and to help the government deliver on a range of policy objectives – economic, social, and environmental. It is vital for supporting continued improvements in material living standards, for example, by creating employment opportunities and by creating an attractive environment for private investment. Through the tax system, economic growth also supports other factors affecting wellbeing, for example, through continued improvements in the provision of public services and in support for lower income households that reduce poverty, improve health outcomes, and lead to greater educational attainment.