Govt’s first stimulus package was ‘clearly not sufficient’

over 4 years in theaustralian

Shadow Treasurer Jim Chalmers says he welcomes the government's decision to fill the “obvious gaps” in its first stimulus package, telling Sky News the first package was "clearly not sufficient". The government is expected to fast-track its second assistance package - due to be announced this week - through the parliament when it returns next week. The government announced it would release a second stimulus package just days after Prime Minister Scott Morrison outlined his $17.6 billion plan to stave off a coronavirus-induced recession. Mr Chalmers urged the government to act with more “urgency” with the upcoming package. “The government said on Thursday the package was proportionate to the challenge that we face in the economy, and that’s clearly not right,” he said. “I’m not making a political point there, I’m making an economic point that that was not sufficient then and it’s certainly not sufficient now. “We welcome the news the government is going to do more. We need to see more urgency with this package they are about to release.” Image: News Corp Australia

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