Tag: budget 2020
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
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
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...
