After the global financial crisis of 2008 the Australian government responded with a large fiscal stimulus. Initially worth about $10 billion, it soon grew by $42 billion by February 2009. Out of this total about $21 billion came in the form of direct cash payments to households.
Australia's out-sized COVID stimulus
Australia's out-sized COVID stimulus
Australia's out-sized COVID stimulus
After the global financial crisis of 2008 the Australian government responded with a large fiscal stimulus. Initially worth about $10 billion, it soon grew by $42 billion by February 2009. Out of this total about $21 billion came in the form of direct cash payments to households.