Scummo rules out stimulus

Via the AFR:

Scott Morrison has all but slammed the door on fast-tracked tax cuts or other ”panicked reactions” in next month’s mid-year budget update, saying the government has already injected $9.5 billion of near-term stimulus into the economy since the May election.

Under external pressure to do more to stimulate the economy than he has already indicated, the Prime Minister will on Wednesday reveal that $3.8 billion of infrastructure spending has been fast-tracked over the next four years.

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