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Treasurer wants savings to replace government assistance to drive economy

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Thursday January 14, 2021

The Morrison Government is putting its faith in a big boost in consumer spending as new figures show Australian households and businesses amassed more than $200 billion in savings ahead of the end of COVID-related stimulus measures in March.

Treasurer Josh Frydenberg is confident the savings Australians have amassed during the pandemic will contribute to an economic comeback. (Photo: AAP Image/Mick Tsikas)

Treasurer Josh Frydenberg believes households have sufficient savings for the economy to continue its recovery when coronavirus support measures such as…



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