The government has recognised that so has now brought the total down to better reflect payment conditions before the virus hit the country.From today, this "flat rate" will be reduced depending on how many hours people used to work before the pandemic hit.
For example, for someone who used to work 20 hours or more, they will receive a flat rate of $1200 a fortnight instead of $1500. For those who used to work 20 hours or less during February 2020, they will receive a flat rate of $750 per fortnight.Economist Chris Richardson from Deloitte Access Economics predicts the treasurer will announce a deficit after round $198 billion for this year when the budget is released on October 6.
But that number doesn't take into account any of the further spending or costs that might be announced by the Morrison Government in the budget. You can get up-to-date information from the Federal Government's Coronavirus Australia app, available on the
Source: Healthcare Press (healthcarepress.net)
Reducing house rent, reducing energy prices, reducing essentials’ prices, slashing interest and insurances will promise the smooth transition for the years to come.
Have these economists forecast the impact of the enormous debt we bequeath to the yet to be born? Or are they all sterile and barren?
Page 104 0f 129 (below the red text) (Copyright May 22, 1944) The Empire Of 'The City' - the-empire-of-the-city.pdf
I bet thousands will flee Victoria.
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