Economics

Australia’s New South Wales State Boosts Stimulus on Pandemic

Dominic Perrottet
Photographer: Jenny Evans/Getty Images

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By Adam Haigh

January 29, 2022 at 9:41 PM UTC

Updated on

January 29, 2022 at 11:34 PM UTC

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Australia’s most popular state and home to Sydney will hand more than A$1 billion ($700 million) in government aid to small and medium sized firms to help with the economic recovery.

A payment of up to A$5,000 per week for businesses with revenue of between A$75,000 and A$50 million will start from Feb. 1, New South Wales state premier Dominic Perrottet said Sunday. The state also extended relief for commercial landlords to March 13.