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Tuesday, September 1, 2020

Australia is pumping an additional $ 38 billion to tackle Corona



billion Australian dollars (38 billion dollars) to limit the economic damage caused by the emerging Corona epidemic, at a time when citizens were asked to cancel their domestic trips to prevent the spread of the virus.

Australian Treasury Minister Josh Freidenberg said that this amount will raise the value of government and central bank aid to support the economy, to 189 billion Australian dollars (109.5 billion dollars), equivalent to 10% of GDP.

"These exceptional moments require extraordinary measures, and we are facing a global challenge like we have never faced before," he told reporters in Canberra.

"Today's announcement will give hope and support to millions of Australians at a time when they desperately need it," he added.

Small businesses and non-profits will receive sums of up to A $ 100,000. Unemployed salaries will be doubled for a temporary period, and retirees will receive 750 Australian dollars.

Workers whose income has decreased by at least 20% due to the outbreak of the epidemic will be able to access their compensation early, and those facing difficulties will be allowed to withdraw from their compensation an amount of up to 20 thousand Australian dollars over two years.

It appears that Australia is on the verge of sliding into an economic recession as a result of the outbreak of the virus, after recording growth for 29 years in a record period.

Australia has recorded more than 1,300 new cases of corona and seven deaths. Prime Minister Scott Morrison said that the government "moves immediately" to recommend against travel if it is not necessary, warning of the possibility of additional measures taken to confront the outbreak of the epidemic.

"More stringent measures will be taken in specific areas to deal with the outbreak," he added, noting that "what will be necessary in a part of Sydney will not be necessary in all parts of it ... and in other parts of the country."
Australia closed its borders in an unprecedented move to prevent entry to non-residents, hoping to stem the spread of the Covid-19 virus.
Four regions - the island of Tasmania, the state of South Australia, the state of Western Australia and the Northern Territory - imposed self-isolation on visitors for a period of 14 days.

Announcing the state’s border closures Sunday, Western Australia’s head of local government, Mark McGowon, said he was considering using Rottnest Island - a tourist destination and Aboriginal prison site - as a quarantine place for people who refuse to isolate themselves or are unable to do so.

And the states of New South Wales and Victoria announced on Sunday the closure of all non-essential stores, without the closure of supermarkets, pharmacies and gas stations.

Morrison said the political officials will meet on Sunday evening to discuss the possibility of imposing tighter isolation restrictions.