It included a lot of measures, such as an increase in infrastructure spending and tax cuts, but one of the most interesting was the $950 AUD outright cash payment to individuals earning less than $80,000 AUD a year.
Australia did not feel the Global Financial Crisis nearly as much as other countries, and it is argued that the stimulus package was a big part of that.
There are concerns that the stagnation of wage growth we are seeing now is our economy paying for the stimulus package but I am waiting for a thorough retrospective report to make comment.
The Australian Government did just this during the Global Financial Crisis, https://en.wikipedia.org/wiki/Rudd_Government_(2007%E2%80%93...
It included a lot of measures, such as an increase in infrastructure spending and tax cuts, but one of the most interesting was the $950 AUD outright cash payment to individuals earning less than $80,000 AUD a year.
Australia did not feel the Global Financial Crisis nearly as much as other countries, and it is argued that the stimulus package was a big part of that.
There are concerns that the stagnation of wage growth we are seeing now is our economy paying for the stimulus package but I am waiting for a thorough retrospective report to make comment.