Home Tags Budget 2020

Tag: budget 2020

Now we’ll need $100-$120 billion. Why the budget has to spend big to avoid...

Australia is in for a long and damaging economic slump unless governments inject substantially more fiscal stimulus. The July budget update forecast that unemployment would...

No snapback: Reserve Bank no longer confident of quick bounce out of recession

The good news in the Reserve Bank’s latest quarterly set of forecasts is that the recession won’t be as steep as it thought last...

Australia needs a six-month GST holiday

Treasurer Josh Frydenberg has spent billions trying to save us from recession. The winding down of JobKeeper scheduled for September means he’ll have to...

The spending splurge matters, regardless of what modern monetary theory says

The Australian government is planning to spend A$190 billion to support the economy in response to COVID-19, according to the latest Parliamentary Budget Office...
Businesses get extension for instant asset write-off

Businesses get extension for instant asset write-off

In its latest move to spur business investment, the government will extend its $150,000 instant assets write-off until the end of the year. The six-months...
Economic snap-back? Not so fast

Economic snap-back? Not so fast

With the virus on the back foot, it’s tempting to declare victory. Provided we stay vigilant on the public health front, we do have...

MUST READ