Australia Says Second Stimulus Plan to Be ‘Significantly Bigger’
- Frydenberg says fiscal shot to cushion jobs, small businesses
- Government keeping a ‘watching brief’ on airline industry
An empty departures hall is seen at Sydney Airport on March 17.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Australia’s Treasurer Josh Frydenberg said the government is working on a second stimulus package that will be “significantly bigger” than last week’s A$17.6 billion ($10.1 billion) fiscal injection.
Frydenberg said the plan was being designed to cushion the blow on jobs and to support small and medium-sized enterprises. In an interview with Sky News Friday, Frydenberg said the government is keeping a “watching brief” on the airline industry, though when asked if it was considering nationalizing struggling companies, Frydenberg said that “wasn’t the focus right now.”