Member for Barker Tony Pasin has welcomed the Morrison Government’s announcement of a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus.
“Our targeted stimulus package is focused on keeping Australians in jobs and helping small and medium sized businesses to stay in business, including here in Barker,” Mr Pasin said.
The package has four parts:
The measures are all temporary, targeted and proportionate to the challenge we face. Our actions will ensure we respond to the immediate challenges we face and help Australia bounce back stronger on the other side, without undermining the structural integrity of the Budget.
Prime Minister Scott Morrison said as part of the plan up to 6.5 million individuals and 3.5 million businesses would be directly supported by the package.
“Just as we have acted decisively to protect the health of the Australian people, based on the best evidence and medical advice, our support package responds to the economic challenges presented by this pandemic in a timely, proportionate and targeted way,” the Prime Minister said.
“Our plan will back Australian households with a stimulus payment to boost growth, bolster domestic confidence and consumption, reduce cash flow pressures for businesses and support new investments to lift productivity.
“Australia is not immune to the global coronavirus challenge but we have already taken steps to prepare for this looming international economic crisis.” the Prime Minister said.
“The Morrison Government has balanced the budget and managed our economy so we can now use this to protect the health, wellbeing and livelihoods of Australians, including in my electorate of Barker,” Mr Pasin said.
“No region is immune to the economic impacts of this virus, we are all connected to the National and global economy and the Barker is no exception, usually benefiting from a strong tourism sector and of course our high quality agricultural exports. As nation, we will weather this storm together and we are in a good position, with good leadership to come out the other side,” Mr Pasin said.
Delivering support for business investment
Cash flow assistance for businesses
Stimulus payments to households to support growth
Assistance for severely-affected regions
The Government’s economic support package is proportionate, timely and scalable to respond to the economic challenges presented by the spread of the coronavirus.
Through our response and the actions we have taken to bring the Budget back to balance over the last six and a half years, Australians can be confident that our nation is one of the best prepared to respond to the economic impacts of the coronavirus.