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$2.3 BILLION HEALTH BOOST AND ECONOMIC STIMULUS

Published: (Updated: ) in Australian News by .

The NSW Government today announced a major $2.3 billion health boost and economic stimulus package to protect the community and help protect jobs in the face of the COVID-19 outbreak over the next six months. This package has two key components: $700 million in extra health funding and $1.6 billion in tax cuts to support … Continue reading “$2.3 BILLION HEALTH BOOST AND ECONOMIC STIMULUS”

The NSW Government today announced a major $2.3 billion health boost and economic stimulus package to protect the community and help protect jobs in the face of the COVID-19 outbreak over the next six months.
This package has two key components: $700 million in extra health funding and $1.6 billion in tax cuts to support jobs.

Key elements of the NSW COVID-19 package announced today include:

Health boost

Business support and jobs

Premier Gladys Berejiklian said the NSW Government’s package bolstered the health system, cuts taxes for business that employed tens of thousands of people across the State, and would help secure jobs at a very challenging time.

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“Our first priority is always the health of the people of this State and looking after their families and jobs,” Ms Berejiklian said.

“This package works hand-in-hand with the recent moves by the Reserve Bank of Australia and the Federal Government. It will provide more resources to help slow the spread of this virus and boost treatment for those people in our community who need it most.

NSW Treasurer Dominic Perrottet said the NSW package would help businesses struggling with a once-in-a-generation event.

“The Government stands ready to do whatever it takes to keep people safe and ensure our economy withstands this storm,” Mr Perrottet said.

“Today we are injecting $700 million into the health system and almost $1.6 billion to boost business. In simple terms, this money will help save the lives of loved ones and protect jobs.

“We are supporting business by lowering their costs through tax cuts and fee reductions, and working to boost jobs by funding ready-to-go capital work and maintenance projects as a priority.”

Health Minister Brad Hazzard said the Government was doing whatever it took to support front line health workers, and urged people to follow important safety messages.

“Our health workers are doing an amazing job,” Mr Hazzard said.

“This extra funding backs the work of our doctors, nurses, allied health staff, ambulance officers and support staff in the fight to prevent the spread of and prepare for COVID-19.”

Source: 16 News http://www.16news.com.au/index.php/2020/03/17/2-3-billion-health-boost-and-economic-stimulus/

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