Australia states about $10bn boost for the wage subsidy scheme

Canberra: The Australian govt on Fri. declared a substantial extension of its wage subsidy scheme in reaction to the COVID-19 constraints that are reimposed in Victoria state because of an alarming rise in the amount of instances.

PM Scott Morrison & Treasurer Josh Frydenberg declared the A$15 billion ($10 billion) boost for the JobKeeper wage subsidy scheme, records Xinhua press agency.

The vast most of the funding going to be spent subsidizing the wages of hundreds of large number of Victorians, with eligibility criteria for the scheme to be eased.

It takes the overall cost of the scheme to A$101.three billion.

Morrison stated the govt has been doing whatever it taken to safeguard lives & safeguard livelihoods.

“Australia is facing a status that is continuously modifying”.

“Our reaction is to gain the right help to all those Australian families, labour & companies that want us, as these conditions alter.

“This means extra help for extra labour & extra companies for longer, as we battle this latest Victorian wave,” he added further.

The announcement comes as Australia has till now recorded a overall of 19,862 affirmed COVID-19 instances, 255 demises & 11,112 recoveries.