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
ShutterstockAt 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...
