
Budget a desperate appeal to spend and hire
The pandemic budget contains extraordinary measures to boost jobs, confidence and the economy. But hoping a nationwide COVID-19 vaccine will exist in a year is a gamble, writes Michelle Grattan.
The pandemic budget contains extraordinary measures to boost jobs, confidence and the economy. But hoping a nationwide COVID-19 vaccine will exist in a year is a gamble, writes Michelle Grattan.
Debt is cheap and must be embraced if Australia is to recharge its economy during the worst economic downturn sine the Great Depression, argue Danielle Wood and Tom Crowley.
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A lack of transparency around how Centrelink’s Family Tax Benefit is balanced has seen some payments stalled, leaving welfare recipients stressed and confused about potential money owed amid the agency’s debt freeze imposed due to coronavirus.
The Australian Taxation Office has collected more than $200 million in the past three years from the tax refunds of Centrelink recipients to recoup overpayments.
A major credit rating agency has sounded an ominous caution over Rob Lucas’s debt-laden state budget, warning its projected savings “could be difficult to achieve” – which would see further borrowing to balance the books.