Paul Bloxham: Australian government can afford to spend big in upcoming budget

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Manage episode 292353904 series 2882353
By NZME and Newstalk ZB. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Record investment is tipped to be in Australia's Federal Budget, that's released tonight.
It's expected to pump billions of dollars into the economy, as the Government focusses on recovering from the pandemic.
Aged care, childcare, infrastructure and job creation are some areas seeing a cash injection.
HSBC chief economist Paul Bloxham told Andrew Dickens the Government can spend the cash because the economy's doing better than expected.
"We're in upswing, we've got the Covid numbers under control and of course we've got that extra tailwind from the much higher iron ore and general commodity prices which is boosting national income."
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