Dr. Robert Kelly:

It is important to point out that we are saying that over broad fiscal measures, which are very expensive, we favour capital expenditure. We also see that there are cohorts and households who need support but that can be done within the system. It is about avoiding broad supports that are relatively untargeted in terms of income. Vulnerable households experiencing increases in the cost of living can still be protected. It is about saying we cannot provide broad supports and focusing what would have been in broad supports on capital expenditure.