Next Stimulus Package Australia

A payment of 750 will be made from the end of this month to about 6 5 million people as part of the government s 17 6 billion stimulus package aimed at keeping australia out of a recession.

Next stimulus package australia. Payments are to be made from 31 march 2020 to those who were in receipt of an eligible payment or who held an eligible concession card in the period 12 march 2020 to 13 april 2020. The first payment will be made from 31 march 2020 to people who have been receiving one of the eligible payments any time between 12 march 2020 and 13 april 2020. Our actions will ensure we respond to the immediate challenges we face and help australia bounce back stronger on the other side without undermining the structural integrity of the budget.

The federal government unveiled a 17 6 billion stimulus package on march 12 targeting mostly businesses and welfare recipients including pensioners. The first 750 payment was announced on 12 march 2020 as part of an economic stimulus package in response to the coronavirus pandemic. Certain australians will get 750 cash payments as part of the morrison government s 17 6 billion coronavirus stimulus package.

The stimulus package is intended to assist hibernating aussie businesses and their employees and brings the government s spending over the last three weeks to a whopping 320 billion. Prime minister scott morrison has asked businesses to hold fire on any further shutdowns or job cuts ahead of a third stimulus package to be announced in the next few days. Household stimulus payments that will benefit the wider economy.