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State Budget: Boosting household spending needs to be a priority – The Age

Until a vaccine is widely available, economic recovery will be driven by domestic spending – by households and government.



Against this backdrop, primarily the government needs to ensure that case numbers remain low and the events that led to the Stage 4 lockdown do not reoccur. Assuming that this is achievable, the Victorian government should follow the lead of the Commonwealth and use debt to finance a range of stimulus spending in the budget. Initiatives already announced, including social housing, free kindergarten, and upgrades to regional tourist trails are well conceived.
People will be looking to holiday in…

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