Australian Government's Economic Response to Coronavirus

19th March 2020

 The Australian Government has announced an economic response totalling $17.6 billion across the forward estimates to protect the economy by maintaining confidence, supporting investment and keeping people in jobs.Additional household income and business support will flow through to strengthen the wider economy.

The Government’s economic response targets four key areas:

•  Delivering support for business investment
• Cash flow assistance for employers
• Stimulus payments to households to support growth
• Assistance for severely affected regions

The Government has committed an additional $2.4 billion to support our health system to manage any further outbreak in Australia.

In addition, the Government has also committed to cover 50 per cent of additional hospital costs incurred by states and territories related to the diagnosis and treatment of patients with, or suspected of having, the Coronavirus.

For more information please visit: https://treasury.gov.au/coronavirus