Do you know how to boost our economy?
Do you know how to boost our economy? Accounting firm KPMG is calling on the federal government to boost subsidies for childcare in the October budget to 95% of total costs. In an interview with the Australian, KPMG Australia Chair Alison Kitchen said moving towards fully funded childcare was particularly important in saving jobs given that the social and economic impact of COVID-19 fell more heavily on women. “The government is looking for ways to stimulate the economy, boost access to jobs and improve productivity”, she said. “We believe focusing on making childcare more accessible and affordable is very timely, given the impact of childcare on worker productivity and economic activity.” This will be a major boost for the childcare industry and there is talk of a 100% funding of total costs. Childcare is such an important driver for our economy, the more Mums and Dads can work the more productive our population becomes. GDP will skyr...