March 26, 2020 08:32:51
The South Australian Government has unveiled a $650 million jobs rescue package in response to what it describes as the “unprecedented economic emergency” caused by the coronavirus pandemic.
Premier Steven Marshall said SA’s economic response was “the highest per capita” in the countryA 14-member Industry Response and Recovery Council will meet to discuss how the money will be spentThe new package is likely to focus on supporting small businesses
Details of how the money will be spent will be discussed with a 14-member council of business leaders from industries including property, retail, construction, hospitality, wine and tourism.
Premier Steven Marshall said the rescue package was aimed at saving South Australian jobs and supporting key industries.
He described the challenges created by the pandemic as “the greatest economic emergency of our generation”.
Together with at $350 million infrastructure stimulus package announced a fortnight ago, the South Australian Government’s economic response totals $1 billion.
Mr Marshall described South Australia’s stimulus contribution as “the highest per capita in the entire nation”.
“Today, we announced $650 million worth of further stimulus to really support South Australians through this tough time, but also to aid our recovery out the other side,” he said.
“The crucial thing about this package is to provide some structural support so that we can get this state moving.
“When we come out the other side, we know that we’re going to get through this disaster.”
Mr Marshall indicated the money was likely to be directed towards supporting local businesses.
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“They’ve been doing it extraordinarily tough at the moment, but so are a lot of households and individuals, so it will be a package of support,” he said.
“We’ve seen tens of thousands of people laid off — there are devastating scenes in South Australia and that’s why we need to be doing literally everything we can at this time.
“There’s no point in waiting for six or 12 months. People are hurting now they need their government support.”