Treasurer JoshFrydenberg says the federal government is financially equipped to bring Australia out of the coronavirus crisis with support plans targeting those most in need.
Treasurer Josh Frydenberg says the federal government is financially equipped to bring Australia out of the coronavirus crisis with support plans targeting those most in need. The Morrison government is set to roll out a $4 billion scheme designed to grant $750 payments to welfare recipients struggling in the economic fallout of the pandemic. Mr Frydenberg told Sky News “we will continue to spend as required but we’re also going to be disciplined”.
He said the government’s $260 billion given out in economic support to date “has helped stabilise the economy”. “It’s given not just an economic boost but also a psychological boost,” he said. “The Labor Party is saying go and buy and airline, go and spend on this, go and spend on that, we’re much more focused on ensuring support gets to the people that need it… that’s reflected in our announcement on July 23.
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