“In an environment of record low borrowing rates and significant spare capacity in the economy, this meant fiscal policy was well placed to continue to support the recovery,” the minutes said.
The Per Capita survey, which has been running for the past decade, found a spike since the start of the pandemic in the proportion of people supportive of governments borrowing money for long-term investments.
In February, a third of the 1550 people quizzed supported such borrowing, a similar number were opposed while the remaining were unsure.
By August, the number supporting long term borrowing had climbed to 48.3 per cent while those opposed had dropped to a survey-low of 23 per cent. About 29 per cent were still unsure.
“In the wak…