Economic consultants, AlphaBeta, have updated their real time tracker on the Morrison Government’s stimulus package, and asks “is it time to end the government money tree?”:
Infection rates are down, spending is up. Time to wind back the generous government support programs, right? Wrong.
AlphaBeta & illion’s real time tracker shows the overall trend of rising spending is a story of two parts: spending is rising among recipients of government support (red line in the chart below); but spending is flat-lining for of those who haven’t received government money (black line in the chart below).
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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.
