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Australian businesses and households have $200b in savings, Treasury data reveals ahead of Jobkeeper unwinding – NEWS.com.au
Australian businesses and households have $200b in savings, Treasury data reveals ahead of Jobkeeper unwinding
Aussies saved at record levels throughout the COVID-19 pandemic ahead of the government winding back temporary support payments.Newly-released Treasury data shows households and businesses have amassed $200b in savings as Australians tighten their belts during the pandemic.
The government’s Jobkeeper program is set to end in March, but the government said households and businesses, buoyed by the figures, would drive Australia’s recovery from COVID-19.
Treasurer Josh Frydenberg said the Coalition’s…
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