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Macroeconomics in Australia, refer to the diagram below: What are the consequences of such a large Fiscal stimulus packages? Are they short-lived and easily corrected;

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Macroeconomics in Australia, refer to the diagram below: What are the consequences of such a large Fiscal stimulus packages? Are they short-lived and easily corrected; or are they more likely to have long-term effects?

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1st tranche $10k to $50k tax free Accelerated Depreciation payment 20% Assisting business to pay ATO reduced > 30% relative to a sole trader turnover reduced by debts including low interest comparable period 1 yr ago >20% . payment plans Turnover > $1BN and turnover Quarterly reporters can opt in for reduced > 50% relative to a monthly to get access to GST comparable period 1 yr ago refunds quicker Not subject to Major Bank Levy

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