Govt’s anticipated $10b stimulus package ‘sounds more like a business package’
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The Australian Retailers Association CEO Russell Zimmerman says in order to “stimulate the economy” the government needs to “try and get money into the hands of the consumers”.
The government is set unveil up to $10 billion in stimulus measures as early as Tuesday, as claimed by Sky News Political Editor Andrew Clennell on Sunday.
Prime Minister Scott Morrison and Treasurer Josh Frydenberg flagged last week they would introduce “scalable and targeted” stimulus measures to help offset the impact of COVID-19 on the economy.
Mr Zimmerman told Sky News the best way to get this “stimulus” is to do “what we saw Kevin Rudd do back in the global financial crisis – to ensure that people have actually got some money to spend”.
“At $10 billion, it doesn’t sound like there’s going to be a lot of money for consumers, it sounds more like a business package than anything else,” he said,
Image: Getty
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