Australia announces $130 Billion “job keeper” stimulus plan

Australian Prime Minister Scott Morrison committed an A$130 billion ($79.86 billion) package to help save jobs as shockwaves from the coronavirus pandemic rip through the economy, SIA reports.

The package includes an A$1,500 ($923.10) "job keeper" payment to be paid to employers every two weeks, for each worker under the scheme.

"Our goal is to protect the lives and livelihoods," Morrison said in a televised briefing from Canberra.

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