Big spending measures designed to turbocharge job creation, such as a business investment allowance, will be temporary and withdrawn when unemployment rate falls to pre-COVID-19 levels.
This front loading of such measures is designed to ensure heavy spending is not baked in to the budget over the long term and, in the case of the investment allowance, to encourage businesses to spend early rather than delay.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
Matthew Cranston was The Australian Financial Review’s United States correspondent.
