Subscriber • Opinion

COVID stimulus packages need vigorous policing to reduce rorting

Jack Waterford
Updated July 2 2021 - 2:55am, first published September 25 2020 - 1:30pm
Prime Minister Scott Morrison and Treasurer Josh Frydenberg have declared they want to get money to those who will stimulate economic growth. Picture: Elesa Kurtz
Prime Minister Scott Morrison and Treasurer Josh Frydenberg have declared they want to get money to those who will stimulate economic growth. Picture: Elesa Kurtz

The forthcoming budget, new schemes to improve liquidity, and efforts to lift consumer confidence and to get the economy going again involve a good deal of risk-taking by government. Risk taking is justified, the more given that early hopes for a quick end to the COVID-19 pandemic have not been realised, because some shut-down parts of the economy - such as tourism and international travel - will hold back growth for a long time, and because government must seek to shape a new economy, rather than recreate the old one.

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Jack Waterford

Jack Waterford is a former editor of The Canberra Times.

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