Tasfintalk
In depth comment and analysis on Tasmanian finance and economics issues
Thursday, 9 April 2020
Where's the money coming from?
Where’s the money coming from for the government’s $130 billion wage subsidy? How can it ever be repaid?
If the government borrows from its own bank, the Reserve Bank (RBA), when the money is repaid, it is repaid to itself. It is simply an institutional arrangement transferring funds from one pocket to another.
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