Australia Adds $66.4 Billion in Stimulus, Considers More ‘Draconian’ Steps to Curb Coronavirus

Australia Adds $66.4 Billion in Stimulus, Considers More ‘Draconian’ Steps to Curb Coronavirus
Australian Prime Minister Scott Morrison reacts during a press conference at Parliament House in Canberra, Australia, on March 22, 2020. Sam Mooy/Getty Images
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MELBOURNE/SYDNEY—Australia’s government will inject A$66.4 billion ($38.50 billion) into the economy as part of a second stimulus package to shelter the country from the financial impact of the coronavirus, Prime Minister Scott Morrison said on Sunday.
The new stimulus, which dwarfs the initial A$17.6 billion ($10.20 billion) in measures announced last week, coincides with a pledge by the government to enforce social distancing rules after many people in Australia appeared to disregard health warnings and flocked to pubs and beaches amid a warm autumn spell.