Government is planning on introducing a number of economic stimulus packages to benefit residents impacted by the Coronavirus Disease 2019 (COVID-19) pandemic.
Premier Andrew Fahie gave that indication during a joint media conference with Opposition Leader Marlon Penn on Tuesday, March 24.
“One of the things that we will be bringing out for sure is; those who have been employed but now unemployed as a result of COVID-19 can now also register at the Department of Work Force & Labour,” the Premier stated
“Those stimulus packages are going to come. I can’t promise you this week because we are still monitoring certain areas to make sure that when we come, we can have as clear a picture as possible,” he added.
Government will not act rash
Premier Fahie, who is also the Minister of Finance, further said that thorough research and assessments will be conducted by his government to ensure no rash decisions that could negatively impact the territory’s economy are made.
He said: “In terms of the medium term, it looks sexy to run come out with economic packages. But we’re seeing that most countries and territories that run and come with their economic packages, their state of affairs went worse, and they had to turn back on what they came up with.”
“So we are trying to do a lot of monitoring and a lot discussions. We have a lot of things on the drawing board, but one of the things that we did not hesitate on was making sure the funding was available to be proactive to try to prevent COVID-19,” Premier Fahie explained.
He also said his government is working on a number of other economic initiatives which will not only be centred around stimulus packages but also include new industries and ways to revive the economy.
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