Nambour News
Treasurer wants savings to replace government assistance to drive economy
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…
