Australia to spend more on jobs in budget based on COVID-19 vaccine

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Reuters
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1601789626942061100
Sun, 2020-10-04 05:10

MELBOURNE: The Australian government said on Sunday it will earmark an additional A$1.2 billion ($859 million) in wage subsidies in the 2020/21 budget and that its frameworks assume that there will be a novel coronavirus vaccine next year.
In the run up to the Oct. 6 budget, which is set to forecast a record deficit of about A$200 billion, Treasurer Josh Frydenberg said a vaccine was a factor in his fiscal considerations.

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