Now’s not the time to prune the government money tree

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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