Australian PM Morrison announcing the fiscal stimulus measures

  • Spread out over the next two years (approx.) the toital is AUD 22.9bn
  • which is around 1.2% of GDP
  • welfare recipient households to receive stimulus payments of AUD750

More:

  • 11bn AUD will be dispersed before June 30 this year
  • Instant asset purchase write-off hiked from AUD 30k to AUD 150k (I'm gonna need a bigger computer)