Business News

What'll happen when the money's snatched back? Our looming coronavirus support cliff

Written by Danielle Wood, Program Director, Budget Policy and Institutional Reform, Grattan Institute

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At almost 10% of gross domestic product, and a much larger per cent of government spending, Australia’s fiscal response to the COVID-19 crisis has been one of the biggest in the world.

The government is spending an average of A$26 billion a month on programs that didn’t exist in February.

To put that in perspective, before...

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