03.17.2020 - By Wise Accounting Pty Ltd
The Government's $17.6 billion stimulus package is set to have far reaching impacts on the economy, without, apparently, impacting Australia's national credit rating. How? By breaking it down in to 4 manageable components. Specifically, the stimulus package was basically broken in to the following aspects:
1. Delivering support for business investment
2. Cashflow assistance
3. Stimulus payments to households
4. Assistance for the severely affected areas