Australia Morrison considers second cash splash in a bid to save the economy

05:35  16 march  2020
05:35  16 march  2020 Source:   skynews.com.au

Government looks to calm COVID-19 virus panic

  Government looks to calm COVID-19 virus panic The Morrison government is preparing to deliver a business support package in the face of the spreading coronavirus.As the Morrison government prepares to dig deep into its dwindling budget surplus to protect the economy from the impact of the coronavirus, Australians are likely to be made aware of what the country is dealing with.

Why Scott Morrison ’s plan to inject millions of dollars into Australia’s struggling economy with coronavirus cash splash could spectacularly Older Australians set to benefit from Scott Morrison 's coronavirus stimulus package say they would prefer to save the cash rather than splurge it, as the

Scott Morrison 's cash splash of 0 a throw is limited to welfare recipients, it should have gone to all low and middle Scott Morrison will jettison the budget surplus in an attempt to recession-proof the Australian economy with a Government pledges cash injection to save economy from coronavirus.

Prime Minister Scott Morrison is currently locked in meetings with Josh Frydenberg and Mathias Cormann as he seeks to finalise details on the second round of coronavirus stimulus.

It comes just four days following the announcement of the government’s $17.6 billion stimulus package, which the Coalition had hoped would stem a recession.

Sky News Political Editor Andrew Clennell said it was likely the next round of stimulus would come before the May budget.

“Scott Morrison is going to spend the next two days … meeting key ministers in areas affected,” he said.

“He’s now meeting with the financial ministers as he looks to move ahead of the Budget and put more into the economy, with the economy obviously in dire straits amid this crisis.”

COVID questions: Does economic cryogenics actually work? .
The government is looking to freeze the economy to combat the coronavirus pandemic. The only problem is nobody knows if it will workWe are dismantling the consumer economy and, using fiscal measures, attempting to snap freeze it so it can be thawed when the virus is gone. The government wants businesses to keep their staff on, keep their leases active and avoid being put into administration until we’ve beaten this insidious little virus back enough to do business again.

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