Treasurer calls on his state counterparts to start spending – without uttering the word ‘stimulus’ onceJosh Frydenberg has called on the states to bring forward smaller-scale infrastructure spending to boost the economy after a meeting with his state counterparts, without uttering the word “stimulus” once.Frydenberg and the prime minister, Scott Morrison, don’t like to invoke the “S” word. But with the RBA having been forced to cut interest rates to historic lows in an attempt to boost economic activity, and with tax cuts having done all they can do for now, the federal treasurer, meeting with his state counterparts in Canberra on Friday, instigated discussions on how to bring forward lower-tier infrastructure projects to get things moving more quickly. Continue reading…
Source link : https://www.theguardian.com/australia-news/2019/oct/11/josh-frydenberg-steers-clear-of-the-s-word-while-asking-states-to-boost-economy
Author : Amy Remeikis
Publish date : 2019-10-11 08:17:56
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