No austerity: Frydenberg to fire up economy in major shift to budget policy
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Treasurer Josh Frydenberg will use his post-pandemic budget to deliberately run the economy as fast as possible in a bid to drive the nationâs jobless rate below 5 per cent, upending the federal governmentâs fiscal policy.
In a major shift in rhetoric and budget policy, Mr Frydenberg will on Thursday use a speech to bring the governmentâs spending plans in line with the Reserve Bankâs own aggressive monetary policy stance while abandoning any rush to post-pandemic austerity.