The Reserve Bank’s Statement on Monetary Policy has again highlighted that Australia’s economic recovery is hostage to Scott Morrison’s failures on vaccines and quarantine.

As the nation’s COVID-19 health crisis deepens, more working Australian families are hurting as a direct result of the Morrison Government’s 18 months of failures on vaccines and quarantine.

The 2021 Intergenerational Report details the very long shadow cast by the Coalition’s eight long years of economic mismanagement – an economy that is smaller than expected, growing slower than expected, and leaves Australians saddled with 40 years of debt and deficits, and wages growth that has never been slower.

Every Australian is $8,000 worse off because Scott Morrison and Josh Frydenberg have fallen $91 billion short of their own Government’s economic targets, even before the pandemic.

Today’s economic growth numbers are welcome and expected but this recovery, built on the substantial sacrifices of Australians, is put at risk by the Morrison Government’s dangerous failures on vaccinations and quarantine.

Around 56,000 Australians who relied on JobKeeper lost their jobs at the end of March after the critical wage subsidy was cut by Scott Morrison and Josh Frydenberg. 

This Budget is yet another marketing exercise that can’t re-brand the mismanagement and missed opportunities that define eight long years of this Liberal-National Government.

In its latest Statement on Monetary Policy, the Reserve Bank has highlighted Australia’s recovery remains uneven, with wages growth still expected to stagnate for the next two years.

Having stuffed up the vaccine rollout, mucked up hotel quarantine, mixed up the cost of JobKeeper by an eyewatering $60 billion, and fluffed up the COVIDSafe app, Scott Morrison and Josh Frydenberg now appear to have given up on the JobMaker hiring credits.

After almost a decade of inaction, the Morrison’s Government’s belated announcement of a reinsurance pool is a $10 billion apology note to the people of Northern Australia.