Coalition defends Newstart poverty payments

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Amid ever growing pressure to lift Australia’s Newstart rate, which is among the lowest in the OECD, the Morrison Government has hit back, claiming that its focus is on “reducing debt” and Budget repair.

From The Guardian:

In a submission to a Senate inquiry into Newstart, the government said it intended to “focus on strengthening the balance sheet and reducing debt” once the budget returned to surplus and pushed back against criticism the payment was indexed to the consumer price index…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.