The Federal Government has extended and expanded the Coronavirus SME Guarantee Scheme to help cash flow for businesses as it starts to wind back the JobKeeper program. The Scheme has been boosted to $40 billion which will be used to guarantee up to 50% of loans provided by financial institutions.
An update on Government debt from the Investments team – we’re still ok
The Federal Government announced that the JobKeeper subsidy and the JobSeeker supplement will be extended, but will be reduced.
To help stimulate the economy as it recovers from COVID-19, the Federal Government has announced a $2 billion JobTrainer Program. The JobTrainer skills package is for people needing to retrain or gain new skills in new sectors. The package will also be used to...
The ATO is increasing their focus on collecting more tax, as the Government is spending more money. With the new programs for COVID19, the ATO is using this as an opportunity to increase its activity, particularly on COVID19 programs.
How much Government Debt is too much? We’re not even close! This is not a bad news story! Does that make it a good news story? Not quite, but all the Australian Government spending is designed to keep the current recession from being too sharp or going on too long....