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Scott Morrison puts $1 billion price tag on combating coronavirus

Published: (Updated: ) in Australian News by .

The Prime Minister has put a billion-dollar price tag on the cost of managing the coronavirus epidemic.

The Prime Minister has put a billion-dollar price tag on the cost of managing the coronavirus epidemic.

Speaking in Canberra today, Scott Morrison said the health costs of treating patients with the disease would be split evenly between the federal and state governments.

Normal health funding is usually split 55-45 between the governments, with states paying the larger share.

Josh Frydenberg and Scott Morrison in Parliament.

"We are anticipating, although it is a demand driven arrangement, what the costs are," Mr Morrison said.

"But we are estimating based on the advice that we have at the moment this could be as much as about $1 billion, $500 million each, that we would have to be allowing for."

Mr Morrison said he hoped it would not cost that much, but it could also be more.

The Commonwealth would put down $100 million as an advance.

Mr Morrison vowed that Australia would "stay on top of it" in regards to coronavirus.

"We are able to do it because we have an advanced health system, one of the best in the world, which means we have been able to get ahead and stay ahead of this, and particularly the advice that we have received from our experts mean that we were calling this a week ahead, two weeks ahead, of countries in many other parts of the world, and that has put us in a strong position for now," he said.

The Treasury has estimated that coronavirus will put a 0.5 per cent dent in Australia's economic growth for the March quarter.

But Treasury Secretary Steven Kennedy said the modelling was a conservative estimate, because the cost to tourism and education has not yet been fully realised.

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Hand-washing steps using the WHO technique

Source: 9News https://www.9news.com.au/national/coronavirus-latest-news-pm-scott-morrison-announces-billion-funding-outbreak-australia/41c0878c-5eb4-4469-b7d0-d49d2fbff385

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