incentivation
Hmmmmm....
Many are criticising the short terminism of stimulus packages provided to date. Particularly, as it is likely further stimulation is going to be included in the May budget.
If we were to have the opportunity again, in the spirit of the DIY budget, what type of stimulus package would you provide? Would you keep the status quo, or provide an alternative?
Personally, I would have preferred a package centered on real and extensive infrastructure improvements (focused on transport, water etc). For instance, a modified metro rail system in Sydney would have been an ideal project. If that is deemed unrealistic, how about the provision of money for an expansion of the light rail system?
Yes money has been allocated to infrastructure projects, but of a level which falls far short of that required in the economic climate.
Where is the foresight? Where are the projects like the Snowy River Scheme? Why is government so hesitant to commit to any major ideas? We need long term projects that will sustain employment and stimulation over the medium to long term.
Instead of the bonuses, $52 Billion worth, the government would have been far better off bringing the proposed tax cuts forward to instigate structural change to the economy.
I fear these bonuses will have yielded a benefit much smaller than other available options.
What say you?
(apologies if there is another similar thread)
If we were to have the opportunity again, in the spirit of the DIY budget, what type of stimulus package would you provide? Would you keep the status quo, or provide an alternative?
Personally, I would have preferred a package centered on real and extensive infrastructure improvements (focused on transport, water etc). For instance, a modified metro rail system in Sydney would have been an ideal project. If that is deemed unrealistic, how about the provision of money for an expansion of the light rail system?
Yes money has been allocated to infrastructure projects, but of a level which falls far short of that required in the economic climate.
Where is the foresight? Where are the projects like the Snowy River Scheme? Why is government so hesitant to commit to any major ideas? We need long term projects that will sustain employment and stimulation over the medium to long term.
Instead of the bonuses, $52 Billion worth, the government would have been far better off bringing the proposed tax cuts forward to instigate structural change to the economy.
I fear these bonuses will have yielded a benefit much smaller than other available options.
What say you?
(apologies if there is another similar thread)
Last edited:
