Second stimulus package being considered

The Federal Government is reportedly considering launching a second round of spending just days after announcing a $17.6 billion stimulus package to revive the economy.

As reported by the Sydney Morning Herald Prime Minister Scott Morrison is conducting meetings with Treasurer Josh Frydenberg and Finance Minister Mathias Cormann to consider new economic measures as Covid-19 strangles Australian industries.

Speaking to 3AW today Morrison says the government's response to the coronavirus will go well beyond measures taken during the GFC.

"I mean, in the GFC, we didn't have to shut down the borders," says PM Morrison.

"In the GFC, we didn't have to stop mass gathering of the public. I mean, this is of an order well beyond what we saw last time. And it'll be a challenging period. But, you know, Australians will come through".

Updated at 3:13pm AEDT on 16 March 2020.


Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

From pandemic side hustle to multi-million dollar business: Meet Ling Fung
Partner Content
Ask any parent, and they’ll tell you: preparing for a new baby is no easy task.&n...
Metro Baby
Advertisement

Related Stories

Victorian Government lifts work from home recommendations

Victorian Government lifts work from home recommendations

With fourth dose vaccinations now available, more antiviral options...

COVID isolation time will be cut to five days, mask rules to be removed for domestic flights

COVID isolation time will be cut to five days, mask rules to be removed for domestic flights

National Cabinet has agreed to reduce isolation periods for COVID-p...

Fourth COVID-19 shot approved for over-30s

Fourth COVID-19 shot approved for over-30s

An additional 7.4 million Australians will be entitled to receive a...

New Zealand scraps pre-departure COVID-19 tests

New Zealand scraps pre-departure COVID-19 tests

Business travel and holidays to New Zealand are set to become less ...