Australia announced a €36 billion spending plan to limit the economic damage from the coronavirus pandemic, as citizens were told to cancel domestic travel plans to slow the virus spread.
Treasurer Josh Frydenberg said the latest Aus$66 billion announced brought government and central bank measures to support the economy to Aus$189 billion - or nearly 10% of gross domestic product (GDP). "These extraordinary times require extraordinary measures and we face a global challenge like we have never faced before," he told reporters in Canberra. "Today's announcement will provide hope and support for millions of Australians at a time when they need it most." Small businesses and non-profits will receive cash subsidies of up to Aus$100,000,