Another trickle of bushfire fiscal relief

Monday, 20 January 2020

Via the AFR:

The Morrison government will announce on Monday a tripling in the size of cheap loans and grants for any small businesses hit by the bushfires, in a move that will put pressure on the thinning budget surplus.

The decision could blow emergency funding out beyond the extra $2 billion announced for the disaster a fortnight ago and follows Prime Minister Scott Morrison’s meetings with small business leaders last week.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.