Frydenberg budgets for under 5% unemployment

Image:Image: Wikicommons – Julian Meehan

The slow release of  Federal Budget measures has begun ahead of the May 11 Budget.

Treasurer Josh Frydenberg said today that he would be looking to lower unemployment to get the economy moving.  This signals that the Government has abandoned the debt reduction strategy it has had.  Given the virtually zero interest rate environment, debt is no longer a priority.

He indicated that under 5% would be the target, but the question will be what spending measures there will be in the wake of the end of the jobkeeper pandemic stimulus.

Produced By: Roderick Chambers

Featured In Story: UTS Industry Professor and Airport Economist Tim Harcourt

First aired on The Wire, Thursday, 29 April 2021