Leaner supports are right move, but cliff is still steep
The JobKeeper and JobSeeker 2.0 programs should be supplemented with more traditional fiscal stimulus in the next phase of the economic crisis response.
As much of the country emerges from the immediate aftershocks of lockdowns, a more targeted approach is the right move. But reducing government spending by close to $10 billion a month in the December quarter will leave a substantial hole in the economy.
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Danielle Wood is the chairwoman of the Productivity Commission.
