News by Matthew Killoran
Premium Content  Aussies have amassed more than $200 billion more in savings since the start of the COVID-19 pandemic, which the Morrison Government is banking on seeing the economy through the upcoming March fiscal cliff. The JobKeeper wage subsidy finishes at the end of March, which will mean businesses will have to survive without the unprecedented taxpayer-funded cash injection. Treasurer Josh Frydenberg says the $200 billion in extra savings amassed could create jobs if it gets spent. Picture: NCA NewsWire/Gary Ramage It is understand the government has a watching brief on whether any industry-specific assistance packages will be needed after this, such as the $128 million grant program for travel agents announced in December.