Premier Daniel Andrews said it could be months before the full impact of the coronavirus emergency on the state’s economy and budget became clear as the state reveals it is spending $1b a week to combat COVID-19
The state government has thrown nearly $1 billion a week at its COVID-19 response since the crisis deepened in mid-March.
Premier Daniel Andrews on Monday. He says it is"pointless" trying to frame a state budget in the volatile circumstances.about $3.7 billion, more than $925 million a week on average, has been pledged, mostly on huge packages to bolster the state’s health system and economy. But Mr Andrews said with the crisis still unfolding, it could be months before the hard economic data was available to assess the full impact of the initial weeks of the pandemic.
"Right now, that revenue is down so much, expenditure is up, a lot of things are moving around," Mr Andrews said. "It's a very volatile set of circumstances, so trying to put a budget together now would have been really very difficult and largely pointless."
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