Treasurer Josh Frydenberg says the economic fallout from the coronavirus crisis in Victoria is worse than was previously projected amid the state’s ongoing tough lockdowns. Mr Frydenberg told Sky News approximately 400,000 Victorians were projected to lose their jobs or see their hours reduced to zero. New Treasury figures revealed household spending has reduced by about 30 per cent in Victoria but only by around three per cent in other states.
“This is obviously the proof point for what happens when you have blunders like we’ve seen in hotel quarantine, the testing and the tracing in Victoria has not been up to the standard of other states. The Treasurer called on states and territories to provide greater funding to add to the stimulus measures provided by the Commonwealth in a bid to boost recovery. He said the Commonwealth contributed about 15.8 per cent of GDP in assistance while the other states contributed about 2.
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JoshFrydenberg Gonna need to see some data to support that claim 60BillionMan
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JoshFrydenberg And how are frydenberg and Morrison going to help ? Or are they going to just make this about politics 😥😥😥😥
JoshFrydenberg Failed treasurer says what?
JoshFrydenberg All yours LittleJoshy no blaming LABOR anymore BOY..
JoshFrydenberg lets just take a look at his own government even before the covid-19 crisis
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JoshFrydenberg It does make sense if the state's and territories are going to continue to shut their borders and businesses, eventually they should have to fund their own welfare.
JoshFrydenberg More failed monetary Liberal projections..gee this bloke can only count the caymans with Sukkar accounts
JoshFrydenberg Dan Andrews is incompetent and should be held accountable. People all over the world are waking up to this Covid hoax except for Victoria.
wendoureeswans JoshFrydenberg Sky News - not a reliable source about anything
JoshFrydenberg What will happen when number of cases in Vic. gets down to zero?;Zero cases does NOT mean the virus has gone,Dan will argue lockdown needs to continued until an effective vaccine is developed; May NEVER HAPPEN,so lockdown may not be lifted bc Dan wants Vic. economy to collapse.
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h_appleby JoshFrydenberg Unlimited funding to the UN and now pretending to be on our side? Get out of town!!
JoshFrydenberg You reckon? Ffs it ain’t rocket science.... the public (not public servants) the ppl in the REAL world have been saying this since..... April 🤔go figure
JoshFrydenberg Because frydenberg is incapable of getting any numbers correct
JoshFrydenberg A study has shown that a dog gets more factual information by sniffing another dogs arse than anything contained in a news story on Sky.
JoshFrydenberg So, call in the Chinese ?