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Coronavirus (COVID-19)

Economic Response to the Coronavirus

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2020欧洲杯体育下注网站The Government is acting decisively in the national interest to support households and businesses and address the significant economic consequences of the Coronavirus.

2020欧洲杯体育下注网站While the full economic effects from the virus remain uncertain, the outlook has deteriorated since the Government’s initial Economic Response announced on 12 March 2020.

The spread of the virus worldwide has broadened, and is expected to be more prolonged. Governments, both international and domestic, have announced stricter mitigation measures to slow the spread of the virus, which are having significant economic impacts.

2020欧洲杯体育下注网站On 30 March, the Government announced the $130 billion JobKeeper Payment to help keep Australians in jobs as we deal with the significant economic impact from the Coronavirus. This brings the Government’s total support for the economy to $320 billion across the forward estimates, representing 16.4 per cent of annual GDP.

For more information, please see the JobKeeper Payment factsheet:

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These actions provide timely support to affected workers, businesses and the broader community.

The Government’s economic response targets three areas:
 

Economic overview

For up-to-date information on the Australian Government’s Economic Response to Coronavirus:

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Australia.as-tro.com

For the latest Coronavirus news, information and updates from government agencies across Australia, visit .