The Morrison Government Declares Economic Stimulus Package of $17.6 billion

  • March 12, 2020 01:44 PM AEDT
  • Team Kalkine

The Morrison Government has announced an economic plan worth $17.6 billion to keep Aussies in job, keep businesses in business as well as assist households & the Australian economy due to the challenges arising amidst the coronavirus spread.

Australia’s stimulus package would keep Aussies in job as well as keep small and medium sized companies in business.

The package comprises of 4 parts:

  • Assist business investment.
  • Provide cash flow support to small and medium sized companies.
  • Support to significantly impacted sectors, regions and communities.
  • Household stimulus payment that would provide benefits to broader economy.

 

With the pandemic continuing to affect the globe, healthcare companies are evaluating their lead compounds for COVID-19 treatment. Future revenue for these stocks depends on the probability of launching an approved treatment in the market.

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