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Frydenberg has been teasing a new, target support package, set to be announced soon, but has been fairly coy with any exact details of the support.
We’re still finalising those details but it’s a matter of days. These are important issues that we’ve been working on for some time. We’ve done an extensive amount of work…
What I’ve heard from some businesses that I’ve met is that some are doing well and others are finding it a bit more challenging. Some are actually doing OK and some even better than OK through this pandemic.
There should be no expectation of another economy-wide wage subsidy.
Now the federal treasurer discussing jobkeeper in far-north Queensland is fairly brave given the premier Annastacia Palaszczuk has repeatedly called on the federal government to continue economic supports for Queensland tourism businesses that have been impacted by international border restrictions.
Frydenberg has taken a swipe at Palaszczuk during his press conference, saying the federal government has already done its fair share of the economic heavy lifting.
I also want to point out that when it comes to our support, we committed $251bn. $150bn has rolled out already. So there’s still $100bn of committed support still to roll out.
Our support was the equivalent of 13% of GDP. Across the states, their average was at 6% of GDP. In New South Wales, they committed 7% of GDP. In Victoria, they committed 9% of GDP. Here in Queensland, they committed only 2% of GDP, which is less than what we’ve seen across other states, unfortunately.
Read the original article at The Guardian