As COVID-19 saps confidence, Frydenberg's October budget must deliver hope | JennieDuke
The government's ad nauseam reminders it is focusing its attention on jobs growth might sound like a broken record but it is actually part of the solution. Some of how we feel about the position we're in will undoubtedly be improved by a boost to the jobless rate, not to mention that getting shovels into the ground and ribbons cut on new projects is a highly visible adrenaline shot to the nation.
Morrison and Frydenberg will need to show new levels of courage and grit. They are going to need to spend - even more than has been so far - and to deal with the deficit that comes with it. The Grattan Institute recently revised the amount of fiscal stimulus it thinks is needed to between $100 billion and $120 billion, up from $70 billion to $90 billion estimated in June, and estimate this could shave 2 per cent off the unemployment rate by 2022 to about 5 per cent.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victoria's new coronavirus cases drop to 37 as nation's death toll surpasses 800Australia's COVID-19 death toll is now 803 after Victoria reported another six deaths.
Read more »
'Heartbreaking devastation': Business leaders lament for MelbourneProminent business voices across Melbourne are hoping the city can re-emerge from the 'dark tunnel' of emotional and economic distress caused by the COVID-19 lockdown.
Read more »
Eddington: The way out of lockdown is already hereSir Rod Eddington sees the tunnels being constructed under Melbourne less for the trucks and trains they will carry than the lessons they provide about how to safely reopen the city and state.
Read more »
Coronavirus LIVE updates: Victoria seek less cases as first link found between hotel quarantine and aged care; New South Wales Health issues alert; Australia's death toll rises to 803NSW has recorded nine new cases of COVID-19 in the latest 24-hour reporting period. Four have been linked to known clusters, four are in returned overseas travellers and one case remains under investigation. Follow the latest coronavirus updates here:
Read more »
Multi-billion dollar coronavirus lifeline for Victorian businesses unveiled, as Melbourne lockdown relaxed from midnightThe Victorian government has unveiled a new $3 billion business support package to assist local businesses, as Metropolitan Melbourne prepares for changes to its coronavirus lockdown from midnight tonight.
Read more »
Coronavirus LIVE updates: Victoria seek less cases as first link found between hotel quarantine and aged care; New South Wales Health issues alert; Australia's death toll rises to 803Victorian Premier Daniel Andrews will appear before the official inquiry into the state's ill-fated hotel quarantine program to answer questions about its failures.
Read more »