#Stimulus
‘Zombie businesses’ big future problem
With speculation that hundreds of businesses – dubbed ‘zombie businesses’ – are being propped up by Government stimulus and will potentially fold in September, new figures suggest that the problem could we bigger than we anticipate. New research reveals: 62 per cent of SME business owners have been on the brink of folding their businesses […]
Let’s Talk: Opinion on the government’s stimulus packages
During the crisis, the government has unveiled many stimulus packages to support businesses and sustain the economy, including the JobKeeper payment, the early release of superannuation and the halting of property evictions. In dealing with this highly unprecedented event of a pandemic, the Australian government has had to quickly guide all states and territories through potential economy failure and […]
Schools stimulus program audit fails to provide answers
Auditor-General Ian McPhee has released his report into Kevin Rudd’s $16.2billion Building the Education Revolution (BER), with the audit lacking any clear conclusions on the program.
GST increase predicted to fund Rudd’s hospital spending spree
Australia’s Goods & Services Tax (GST) is predicted to increase as pressure mounts on the Federal Government to fund its recent spending, including the recently minted COAG hospitals agreement.
Global recession will be deep says IMF
The International Monetary Fund has released its bi-annual World Economic Outlook report with the dire summary that the world will undergo a deep recession that will affect every country. The report also predicted that “the current recession is likely to be unusually long and severe and the recovery sluggish”. Analysis included: Recessions brought on by […]