Economics
Australia Passes Record $80 Billion Employment-Rescue Package
- Plan legislated in special sitting of parliament on Wednesday
- Nation showing positive signs in slowing spread of coronavirus
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Australia’s parliament passed a record A$130 billion ($80 billion) jobs-rescue plan late Wednesday, as the government continues efforts to buttress the economy from the coronavirus outbreak.
“It’s unprecedented in its scale and its scope, and around six million workers should be able to use this program to stay in a job,” Treasurer Josh Frydenberg said in a television interview. The package “will help build that bridge to the recovery on the other side.”