The Australian Government has announced an economic stimulus package to counteract the effects of isolation/quarantine from the coronavirus!
- Cashflow boosts for small business - up to $25,000 and up to $21,000 for those training apprentices.
- Increasing asset write off and depreciation thresholds for business investors.
- One off $750 payments to 6.5million people on lower income as a stimulus payment to support growth.
- And set aside an initial $1 billion allocation to support those regions and communities that have been disproportionately affected by the economic impacts of the Coronavirus, including those heavily reliant on industries such as tourism, agriculture and education.
In total, the cost is over $17 billion. Payments start from the end of March.
www.pm.gov.au
It really looks like they are playing hard to convince us of the danger of this virus and perhaps that they are going to enforce more isolation/quarantine.
Just seems odd that the patent for an attenuated coronavirus is granted in 2018, and all of a sudden there's all this drama. On a personal note, I was aware of coronavirus back in the early 2000's as I was working around animals that were tested positive for it in rescue. There was nowhere near this level of drama about it back then.
Edited to add: Maybe this stimulus package has nothing to do with the coronavirus at all, but the govt is aware that the economy is tanking and they're using the coronavirus as an excuse to stimulate the economy?