Budget surplus a goner but low interest rates a treasurer’s dream*

The Morrison Government will face its toughest test yet over the coming months in working at ways to avoid a sharp downturn in the Australian economy and keep employment up until the covid19 danger passes.

But, depending on how bad the downturn is, the real opportunity may be using the economic turbulence to borrow massively to invest in big long-term projects, not just short-term stimulus.

The recent turmoil in the markets is causing serious and prolonged concern for the Government, Treas…

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