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NSW Treasurer Matt Kean has spent another day criticizing the federal government for not helping fund the state’s financial support package for small and medium-sized businesses.

The NSW government unveiled a $ 1 billion package yesterday, including a lump sum to eligible businesses of 20 percent of the weekly payroll, up to a maximum of $ 5,000 a week.

NSW Treasurer Matt Kean:

NSW Treasurer Matt Kean: “Now is the time to make sure we protect the structure of the economy.”Credit:Kate Geraghty

Federal Treasurer Josh Frydenberg this morning reiterated his desire to stop emergency aid payments and a shift to a “normalized” financial framework, noting that South Australia had announced its package for small businesses over the weekend without asking the federal government “to go 50” -50 “.

He added that the Commonwealth had funded the full payout of pandemic leave disaster.

“You can not just keep writing the checks, you actually have to make some difficult decisions, and now with vaccination rates well over 90 per cent, Australia is well equipped, I think, to live safely with COVID despite the challenges it is posing, ”Mr. Frydenberg told ABC’s RN breakfast.

Speaking on the radio program moments later, NSW Treasurer Matt Kean said he felt it was “time for the Commonwealth to step up and lead the economic management of the country, not to outsource it to the states and territories”.


“Instead of stepping aside, it’s now time to step up because small businesses in NSW and indeed across the country need you more than ever,” he said.

Sir. Kean said now is not the time for “savings” and that it is in the national interest of companies to stay in business and pay their taxes.

“We are not saying to inject money on purpose across the economy, this is a very targeted package for those parts of the economy that need the most help.

“I do not have much hair left to tear off because I am struggling to understand why the Commonwealth Government does not want to support the national economy by investing in the small businesses that will run it.”

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