Australia NSW lockdown costing $700 million a week, Treasurer says
Everything you need to know about Greater Sydney lockdown
Lockdown has been extended in Greater Sydney for another week as case numbers of coronavirus continue to grow. The stay-at-home orders had been initially scheduled to end this Friday.It is now scheduled to end at 11.59pm next Friday, July 16.NSW EXPOSURE SITES: Full list and latest details hereThe lockdown includes Sydney itself, as well as the Blue Mountains, Wollongong, Shellharbour and the Central Coast. © Getty Exercising outdoors is allowed, even encouraged, during lockdown in Sydney.
The New South Wales lockdown is costing $700 million a week, according to Treasury data cited by Josh Frydenberg, who has refused to speculate on how badly it will hurt the nation's future growth.
The Treasurer revealed the figure on Tuesday night while explaining the federal government's increase toand pouring fuel on the fire of a spat with Victoria.
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The NSW Government will throw hard-hit small businesses impacted by the extended COVID-19 lockdown a $1.4 billion lifeline in support packages.The NSW Government will throw hard-hit small businesses impacted by the extended COVID-19 lockdown a $1.4 billion lifeline in support packages to remain afloat.
The Treasurer said the economic impact of greater Sydney's lockdown, which, would be "significant".
"You get border closures. You get supply chain disruptions. You get investment decisions that are delayed and when you get a state or parts of a state that are in lockdown, you get workers who can't turn up at the office or turn up to the normal vocation," he told the ABC's 7.30.
"This will have a significant impact on the economy and Treasury expect that the New South Wales lockdown is costing about $700 million a week."
It wasn't clear whether that figure included the $500-million-a-week cost of the Commonwealth support package.
NSW Premier Gladys Berejiklian is expecting COVID-19 case numbers to rise further. What does this mean for the lockdown?
NSW health authorities expect to announce more than 100 new cases of COVID-19 on Monday. So what does that mean for the Greater Sydney lockdown, which is meant to end on Friday? Here's what we know so far. What's the latest on the outbreak?New South Wales recorded 77 new COVID-19 cases in the 24 hours to 8:00pm on Saturday and its first death since December.Thirty-three of these cases have been out in the community while infectious. Greater Sydney — including the Blue Mountains, Central Coast, Wollongong and Shellharbour — have been in lockdown since the end of June.
The federal budget was built on the assumption there would be localised COVID-19 outbreaks but they would be "effectively contained".
Mr Frydenberg admitted the NSW restrictions had already exceeded those predictions but said the country would have to "wait and see" what the effect would be on economic growth and the job market.
The government is providing between $1500 and $10,000 a week for sub-$50 million businesses whose turnover drops by 30 per cent or more and.
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The announcement sparked a furious response from the Victorian government, angry at having been made to "beg" for assistance during its latest outbreak just a few weeks ago.
Sydney's Covid outbreak is jeopardising Australia's economic recovery
Sydney's lockdowns are already costing the economy $1billion a week and this is set to get worse the longer the restrictions continue. A bad vaccine 'stroll out' has been blamed for mayhem.The city's south-west is the epicentre of a Covid cluster with 89 new cases of the more contagious Indian Delta variant recorded overnight in New South Wales.
"Everyone in Australia believes that people in Sydney and NSW deserve every possible support as they battle a second wave and a long lockdown," a government spokesperson said in the statement to 9News.
"But Victorians are rightly sick and tired of having to beg for every scrap of support from the federal government.
"It shouldn't take a crisis in Sydney for the Prime Minister to take action but we are seeing the same double standard time-and-time-again. His job is not to be the Prime Minister for NSW."
, Mr Frydenberg said the two states' lockdowns were "chalk and cheese" and that the government had provided "extensive support" to both.
"Tragically more than 800 people have lost their lives in Victoria more than 90 per cent of the deaths that occurred across the country were in Victoria," he said.
"And they had a massive quarantine failure last year which led to the lengthy lockdown and then they had an inquiry to determine who was responsible and who took the decision around those failures and nobody was, and nobody did.
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"And so I was critical about that process and about those outcomes."
He told 7.30 people were sick of Daniel Andrews' "whingeing and his politicking of the crisis."
NSW health authorities identified 89 cases on Tuesday, 21 of whom had been infectious while in the community, and one COVID-19 patient died.
, in Sydney's south-west, will now be tested every three days, with a weekly test for anyone moving between greater Sydney and regional NSW for work. The change comes after a to a building site in Goulburn.
Premier Gladys Berejiklian said she hoped to announce whether the lockdown on Greater Sydney would be extended by Wednesday or Thursday "at the latest" and warned daily numbers would "keep bouncing around".
How lockdowns in Sydney, Melbourne and Adelaide could spark recession .
Lockdowns in Sydney, Melbourne and Adelaide to contain the more contagious Delta strain could seen Australia suffer recessions in back-to-back years for the first time since the early 1980s.Restrictions in Sydney, Melbourne and Adelaide are already costing an estimated $2.1billion a week.