Hey big spenders…
Get your Budget Bingo cards as we prepare to get the numbers outlining Australia’s finances for the next 4 years. And with the books in a better position than expected, analysts have seen the big pre-Budget spending announcements and concluded there is more where that came from. Or, as Stephen Bruce from Perennial Value Management put it to the Financial Review (paywall), “I think the budget will be very, very, very stimulative for the economy.” Tune in at 7.30pm tonight for more… The Morrison Government’s confidence in Australia’s economic recovery was boosted yesterday as the Australian Stock Exchange closed yesterday at a record high. That means the losses from last year’s crash when the index of our top 200 listed companies lost a 3rd of its value have been recouped.
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