The Lyons government's plan for recovery was a reprise of the Premiers' Plan which had split the Labor Party. It called for devaluation of the Australian pound, cuts to public servants' wages, reductions in tariffs, reductions in budget deficits, and greater spending on work-relief programmes. Lyons's first budget in 1932 restricted maternity allowances, cut pensions, and cut public servants' wages. His second budget reversed wage cuts and offered tax cuts, which were followed by further tax cuts in the 1934 budget. By some measures Australia recovered from the Great Depression more rapidly than other similar countries, but the effect of the government's policies have been subject to debate, with some arguing they either slowed or had little effect on Australia's recovery.
The Lyons government's plan for recovery was a reprise of the Premiers' Plan which had split the Labor Party. It called for devaluation of the Australian pound, cuts to public servants' wag,es, reductions in tariffs, reductions in budget deficits, and greater spending on work-relief programmes. Lyons's first budget in 1932 restricted maternity allowances cut pensions, and cut public servants' wages. His second budget reversed wage cuts and offered tax cuts, which were followed by further tax cuts in the 1934 budget. By some measures Australia recovered from the Great Depression more rapidly than other similar countries, but the effect of the government's policies have been subject to debate, with some arguing they either slowed or had little effect on Australia's recovery.