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  • now has a total of 6022 known cases of COVID-19. There have been 50 fatalities.
  • Globally, more than 1.5 million people have tested positive for the virus and almost 87,500 have died.
  • For a daily update straight to your inbox, subscribe to our newsletter, Need to know, here.

‘No ideological constraints’ during an economic crisis, says Frydenberg

has said the government’s stimulus spending will shoulder the country with debt for “years to come” but said Australia was in a better position than other countries such as the and to carry the debt.

His comments come after the goverment’s historic $130 billion JobKeeper wage subsidy scheme passed both houses of parliament last night.

“The debt will be there for years to come, there’s no doubt about that but we make no apologies,” Mr Frydenberg said on ABC’s Radio National this morning.

Mr Frydenberg pointed out that credit rating agency Standard & Poor’s yesterday reaffirmed Australia’s AAA credit rating, as evidence the was spending responsibly.

“So, we do know our responsible fiscal management has put us in a position to manage this crisis. But we don’t want to be spending one day longer than necessary,” Mr Frydenberg said.


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Mr Frydenberg said he had been speaking with former about the pandemic.

“He said to me that during times of economic crisis, there are no ideological constraints. And I think that’s right.”

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Good morning

Welcome to s live coronavirus blog, where we’ll be bringing you breaking news all day.

Here’s what you need to know this morning:

Australia now has a total of 6022 known cases of COVID-19. There have been 50 fatalities.

Globally, more than 1.5 million people have tested positive for the virus and almost 87,500 have died.

To catch up on what happened overseas while you were sleeping, head over to our overnight blog here.

For a daily update straight to your inbox, subscribe to our newsletter, Need to know, here.

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