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Economist backs HECS-style loans to replace JobKeeper
Australian National University economic modeller Warwick McKibbin has dramatically increased his forecasts for the impact of the coronavirus on the...
Professor McKibbon, who is on a Treasury advisory group for the coronavirus response, is pushing for HECS-style loans for businesses to replace the…
- Kirsten Lawson
- The Canberra Times
He said programs such as the JobKeeper wage subsidy must continue after September to avoid a fiscal cliff, but the funding should shift to loans.
Businesses would pay back the money when their revenue hit a certain level through higher taxes, in the same way students pay back their…