Business
Federal Government’s record coronavirus spending dwarfs assistance for previous disasters – ABC News
The Government has forked out a record amount of financial assistance during the coronavirus pandemic, but how does it compare to spending on other disasters?
The Government has forked out a record amount of financial assistance during the coronavirus pandemic, but how does it compare to spending on other natural, man-made or economic disasters?
While some of the COVID-19 schemes and their estimated costs are demand driven, the money spent on them still far surpasses what the Commonwealth has spent in response to other defining events that have shaped the country, such as 1974’s Cyclone Tracy and 2020’s bushfire recovery.
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