The Commonwealth Government has today released the second stage of its economic plan to cushion the economic impact of the coronavirus and help build a bridge to recovery.
A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.
This includes $17.6 billion for the Government’s first economic stimulus package, $90 billion from the RBA and $15 billion from the Government to deliver easier access to finance, and $66.1 billion in today’s economic support package.
Our economic support package includes:
• Support for households including casuals, sole-traders, retirees and those on income support
• Assistance for businesses to keep people in a job
• Regulatory protection and financial support for businesses to stay in business