Frydenberg budgets for under 5% unemployment
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The slow release of Federal Budget measures has begun ahead of the May 11 Budget.
Treasurer Josh Frydenberg said today that he would be looking to lower unemployment to get the economy moving. This signals that the Government has abandoned the debt reduction strategy it has had. Given the virtually zero interest rate environment, debt is no longer a priority.
He indicated that under 5% would be the target, but the question will be what spending measures there will be in the wake of the end of the jobkeeper pandemic stimulus.
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