Noosa News
Treasurer wants savings to replace government assistance to drive economy
Thursday January 14, 2021
The Morrison Government is putting its faith in a big boost in consumer spending as new figures show Australian households and businesses amassed more that $200 billion in savings ahead of the end of COVID-related stimulus measures in March.
Treasurer Josh Frydenberg is confident the savings Australians have amassed during the pandemic will contribute to an economic comeback. (Photo: AAP Image/Mick Tsikas)
Treasurer Josh Frydenberg believes households have sufficient savings for the economy to continue its recovery when coronavirus support measures like…
-
Noosa News22 hours agoDangerous storm pounds south-east Queensland with giant hail, blackouts and widespread damage
-
Noosa News23 hours agoDarkness rolls over Brisbane in brief-but-mighty storm
-
General21 hours agoBureau of Meteorology boss reveals website rebuild ‘approved and funded’ by Turnbull government
-
Noosa News21 hours agoLawnton house fire: Savannah Kerr, 13, dies in blaze as four others remain critically injured