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The Times

Frydenberg spends the budget bounty to drive unemployment down to new lows

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Never before has a budget spent so much to supercharge the economy after the worst of a recession has already passed.

The economy bounced back from last year’s COVID recession far more sharply than the treasury (or just about anyone else) expected.

The bounty from the higher-than-expected tax collections that flowed from more people than...

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