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Cormann rules out Rudd-style cash splash to boost Australian economy as coronavirus bites

Cormann rules out Rudd-style cash splash to boost Australian economy as coronavirus bites

Australian households should not expect Kevin Rudd-style cash payments to stimulate the economy in the wake of coronavirus, Mathias Cormann has warned. The finance minister told Sky News on Friday that the government would focus on encouraging businesses to invest in and employ workers, appearing to rule out cash payments to all individuals, although

Govt won’t ‘pursue reckless cash splash in Rudd-Gillard fashion’: Cormann

Govt won’t ‘pursue reckless cash splash in Rudd-Gillard fashion’: Cormann

Finance Minister Mathias Cormann says the government will "not be pursuing a cash splash in reckless Rudd-Gillard fashion" with the proposed stimulus package. Mr Cormann said the package would place Australia in a strong position to "maximise the strength of recovery" on the other side of the "challenging period we're about to enter into". "The

‘Coronavirus a very convenient excuse’ for poor economy

‘Coronavirus a very convenient excuse’ for poor economy

Former Labor Minister Stephen Conroy says the Morrison government is “hiding behind the coronavirus, which is a very convenient excuse”. Finance Minister Mathias Cormann told Sky News on Friday the government would announce a stimulus package before the May federal budget, but would “not be pursuing a cash splash in reckless Rudd-Gillard fashion”

Govt urged to raise Newstart in stimulus package

Govt urged to raise Newstart in stimulus package

Centre Alliance Senator Rex Patrick says he would not object to the government raising Newstart as a means of economic stimulus, as long as it is packaged with other measures. The government is facing renewed calls to raise the social support payment to inject additional cash into the economy as the impact of COVID-19 begins to take hold on the budget