The U.S. Senate voted to approve the third round of $2 trillion emergency economic rescue plan on March 25, local time, which will be the largest rescue plan in the history of the United States.
According to the bill, according to the tax returns of 2019 and the information of 2018 (if there is no tax returns), 1200 US dollars cash checks will be issued to each adult with an annual income of less than 75000 US dollars, 500 US dollars for each child; 5 US dollars will be reduced for each additional 100 US dollars of income with an annual income of more than 75000 US dollars; no cash will be paid if the annual income is more than 99000 US dollars Tickets.
On March 25 local time, the federal government of Canada announced that eligible applicants will receive $2000 checks issued by the government every month for four consecutive months, totaling $8000. The online application channel will be opened immediately. Trudeau promised that the grant would be available within 10 days of submitting the application.
Trudeau said all Canadians who lost their income due to the new crown can receive the Canada emergency response benefit (cerb) of $2000 a month for four months.
The cerb program is aimed at the unemployed, the sick, the self segregated, the parents who care for their children at home, and the people who cant get paid due to the poor operation of the company.
Trudeau said the online application channel will be opened as soon as possible, and all Canadians will receive the money within 10 days after submitting the application. The cerb system will be officially put into operation on April 6, and will be issued once every four weeks, with a claim period from March 15 to October 3.
On March 23 local time, Schulz, the German Ministry of finance, announced the launch of a peoples livelihood policy to help small businesses and freelancers, with a total budget of 50 billion euros.
Merkels government has put forward a 750 billion euro (800 billion US dollars) rescue package, which was approved by Parliament on March 25 local time. The fiscal stimulus launched by the German government will account for 21% of its GDP, including the 50 billion euro spending on small businesses and freelancers.
On March 20 local time, UK chancellor of the exchequer susnak delivered a speech, announcing that the UK is launching an unprecedented rescue plan to directly pay British people who cannot work due to the epidemic.
This is the first time in our history that the government pays people directly. Sunak said that the rescue plan mainly solves the employment and income problems of the people: protecting employment, providing support for the unemployed, strengthening safety protection for the still working groups, and helping people stay at home.
The bail-out will be effective from March 1 and will be implemented for at least three months. All employees in the UK are included in the plan.
Under the scheme, the UK government will pay 80 per cent of the salaries of those affected by the outbreak who are unable to receive them, up to u00a3 2500 a month.
Earlier, British Prime Minister Johnson announced the closure of bars, cafes, restaurants, theaters, cinemas, gyms, leisure centers and other public places. Because of the economic impact of these measures, sunak said the British government should do its best to ensure the employment and income of the people.
On March 12 local time, Australian Prime Minister Morrison announced that a one-time cash grant of $750 per person would be granted to about 6.5 million people from March 31.
This cash subsidy is mainly for social welfare groups, including pensioners, recipients of unemployment allowance, disability allowance, caregiver allowance, youth allowance, veterans allowance and family tax benefit. Health care card holders will also receive this cash grant.
Japan (to be launched)
According to Nikkei news on March 26, the Japanese government may issue cash directly to families whose incomes have been greatly reduced as early as may.
The current plan is to provide 200000-300000 yen (about 12900-19300 yuan) to eligible families, and to support the catering and tourism industries with sharply reduced turnover by issuing discount coupons and commodity coupons.
The programme will be submitted to a cabinet meeting in April for decision and is expected to be established in late April.