Govt's $18bn package to boost small business, pensioners | Sky News Australia

Businesses and pensioners will be supported in the Morrison government's stimulus package, which is designed to prevent the economy from slipping into recession. Treasurer Josh Frydenberg told Sky News the package would be in the ballpark of $18 billion and would focus on keeping employers afloat to save jobs during the coronavirus pandemic.

Prime Minister Scott Morrison also confirmed there would be a cut to the deeming rate. Meanwhile, Labor frontbencher Bill Shorten urged the government to act and consider the cancellation of mass gatherings, insisting it only had “days” to get it right. “This is going to be a major policy question, not in the matter of weeks or months, but in days," he said.

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Thank you I desperately need a new tv

So it is a stimulus now? But, but, but... I thought we were back in black? I thought the great economic managers said the economy was in great shape? Guaranteed, this govt will fcuk this response like they have every other crises so far backinblack auspol

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