Economists have urged the federal government to ensure that any Budget measures aimed at easing cost-of-living pressures are directed to people who are the most vulnerable. Angela Jackson from Impact Economics & Policy and University of New South Wales economics professor Richard Holden warn that Budget relief could result in higher inflation unless it is carefully targeted. Both are in favour of increasing the JobSeeker allowance.
From The New Daily:
“You don’t want fiscal policy to be reckless … the days of just spending to support the economy without flow-on effects [to inflation] are over.”