Table with 2 columns and 13 rows.
Reserve Bank
Cut official cash rate to 0.1 per cent (Nov 2020-May 2022)
Forward guidance - committing to keep interest rates unchanged at a low level for an extended period of time
Purchase of state and federal government bonds $281 billion
A line of cheap credit to commercial banks under the term funding facility program$188 billion
Federal government
Approximately $300 billion including:
JobKeeper - wage subsidy program$90 billion
Early release of superannuation to people affected by the pandemic$38 billion
Employer cash flow bonus, giving firms up to $100,000 in tax-free credits$35 billion
Pandemic support payments$30 billion
Early implementation of stage 2 tax cuts/retention and increase of low and middle income tax offset$23 billion