|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Australia||05||05 - Health and income support||AUD||311,847,500,000||193,906,775,367|
|Australia||05A||05A - Health support||AUD||135,827,000,000||84,457,228,542||Office of the Prime Minister. https://www.pm.gov.au/media/24-billion-health-plan-fight-covid-19 (accessed 3 June 2020); Department of Health. https://www.health.gov.au/news/covid-19-supporting-senior-australians-and-those-who-care-for-them (accessed 3 June 2020); Department of Health. https://www.health.gov.au/ministers/senator-the-hon-richard-colbeck/media/new-covid-19-payment-to-keep-senior-australians-in-residential-aged-care-safe (accessed 3 June 2020); Office of the Prime Minister. https://www.pm.gov.au/media/11-billion-support-more-mental-health-medicare-and-domestic-violence-services-0 (accessed 3 June 2020); Department of Health. https://www.health.gov.au/ministers/the-hon-greg-hunt-mp/media/3-million-to-boost-the-national-coordinated-covid-19-research-response (accessed 3 June 2020); Office of the Prime Minister of Australia. https://www.pm.gov.au/media/update-coronavirus-measures-15may20 (accessed on 20 May 2020); Department of Health. https://www.health.gov.au/ministers/the-hon-greg-hunt-mp/media/additional-20-million-for-mental-health-and-suicide-prevention-research (accessed 26 May 2020); Office of the Prime Minister. https://www.pm.gov.au/media/commonwealth-and-states-sign-131-billion-five-year-hospitals-agreement (accessed 4 June 2020); Department of Health. https://www.health.gov.au/ministers/the-hon-greg-hunt-mp/media/additional-funding-to-reinforce-australias-aged-care-sector (accessed 1 September 2020).||
(i) March 11, The Australian Government has unveiled a comprehensive AUD2.4 billion health package to protect all Australians, including vulnerable groups such as the elderly, those with chronic conditions and Indigenous communities, from the coronavirus (COVID-19); (ii) March 21, The National Cabinet announced additional funding of AUD444.6 million for the aged care sector to ensure the continuity of the aged care workforce. May 5, The Australian Government is providing an additional AUD205 million in specific COVID-19 aged care funding. August 31, an additional AUD563.3 million has been allocated to the aged care sector [update]; (iii) March 29, (a) AUD669 million will be provided to expand Medicare-subsidised telehealth services for all Australians, with extra incentives to GPs and other health practitioners also delivered; and (b) AUD74 million will be provided to support the mental health and wellbeing of all Australians; (iv) April 15, AUD3 million further funding to support frontline health workers with training and information on the treatment of coronavirus; (v) May 15, The government announced AUD48.1 million funding for the National Mental Health and Wellbeing Pandemic Response Plan; (vi) May 25, An additional AUD20 million is announced for Mental Health and Suicide Prevention Research; (vii) May 29, The Commonwealth will invest an estimated AUD131.4 billion in the new 2020‑25 National Health Reform Agreement to provide additional funding to public hospitals over five years from 2020–21.
|Australia||05B||05B - Income support||AUD||176,020,500,000||109,449,546,825||Department of Treasury. https://treasury.gov.au/sites/default/files/2020-05/Overview-Economic_Response_to_the_Coronavirus_3.pdf (accessed 3 June 2020); Department of Treasury. https://treasury.gov.au/media-release/jobkeeper-update (accessed on 3 June 2020); Office of the Prime Minister. https://www.pm.gov.au/media/11-billion-support-more-mental-health-medicare-and-domestic-violence-services-0 (accessed 3 June 2020); Department of Education, Skills, and Employment (DESE). https://ministers.dese.gov.au/morrison/early-childhood-education-and-care-relief-package (accessed 3 June 2020); DESE. https://ministers.dese.gov.au/tehan/response-child-care-review (accessed 3 June 2020); Department of Treasury. https://treasury.gov.au/sites/default/files/2020-06/Fact_sheet_HomeBuilder.pdf (accessed 5 June 2020); DESE. https://ministers.dese.gov.au/tehan/return-child-care-subsidy (accessed 10 June 2020); Office of the Prime Minister. https://www.pm.gov.au/media/250-million-jobmaker-plan-restart-australias-creative-economy (accessed 8 July 2020); Office of the Prime Minister. https://www.pm.gov.au/media/supporting-older-australians (accessed 8 July 2020); Office of the Prime Minister. https://www.pm.gov.au/media/jobtrainer-skills-package-economic-recovery-and-growth (accessed 22 July 2020); Department of the Treasury. https://treasury.gov.au/sites/default/files/2020-07/Fact_sheet-JobKeeper_Payment_extension_0.pdf (accessed 22 July 2020); Office of the Prime Minister. https://www.pm.gov.au/media/jobkeeper-payment-and-income-support-extended (accessed 22 July 2020); Department of the Treasury. https://treasury.gov.au/sites/default/files/2020-07/Fact_sheet-Income_Support_for_Individuals_1.pdf (accessed 22 July 2020); DESE. https://www.dese.gov.au/covid-19/job-seekers (accessed 30 July 2020); Australian Government. https://www.servicesaustralia.gov.au/individuals/services/centrelink/pandemic-leave-disaster-payment (accessed 06 August 2020); DESE. https://ministers.dese.gov.au/morrison/support-victorian-families-childcare-workers-and-services (accessed 06 August 2020); Office of the Prime Minister. https://www.pm.gov.au/media/more-support-more-businesses-and-workers (accessed 07 August 2020); Office of the Prime Minister. https://www.pm.gov.au/media/1b-accelerate-defence-initiatives-covid-19-recovery (accessed 26 August 2020).||
Three economic stimulus packages, i.e. (i) Support for individuals and households including (a) income support for individuals (AUD14,133 million), (b) payment to support households (AUD8,830 million), (c) temporary early release of superannuation (AUD1,150 million), (d) No amount/estimate, temporarily reduce superannuation minimum drawdown rates, (e) lower the social security deeming rates (AUD876 million); (ii) Support for business including (a) JobKeeper payment (AUD70,000 million), (b) boosting cash flow for employers (AUD31,900 million), (c) No amount/estimate, temporary relief for financially distressed businesses, (d) increasing the instant asset write-off (AUD700 million), (e) backing business investment (AUD3,200 million), (f) supporting apprentices and trainees (AUD1,265 million), (g) support for Coronavirus affected regions and communities (AUD1,000 million), (h) support for Australian airlines and airports (AUD715 million); (iii) March 29, AUD150 million will be provided to support Australians experiencing domestic, family and sexual violence due to the fallout from coronavirus; and (b) an additional AUD200 million will be provided to support charities and other community organisations which provide emergency and food relief as demand surges as a result of coronavirus; (iv) April 2, The Commonwealth government has committed to provide free childcare to around one million families and announced targeted support to the education system. The sector is expected to receive AUD1.6 billion over the coming three months from taxpayer subsidies. On May 20, the Ministry of Education announced an additional AUD12.8 million in funding, i.e. (a) AUD12 million provided for child care services that have more than 30% of full-time equivalent staff ineligible for JobKeeper Payments, and (b) AUD800,000 to increase the level of funding for in-home care providers; (v) June 4, The government announced a HomeBuilder program offering AUD25,000 grants to new home builders and renovators from June 4 to December 31, 2020. HomeBuilder will be implemented via a National Partnership Agreement, signed by the Commonwealth and State and Territory governments and is expected to cost AUD680 million; (vi) June 8, The government announced that it will resume the Child Care Subsidy (CCS) to support families to access affordable child care starting July 13 and will pay approximately AUD2 billion this quarter to eligible families; (vii) June 25, AUD250 million targeted package through the JobMaker plan to be implemented in the next 12 months to help restart the creative economy and get the entertainment, arts and screen sectors back to work; (viii) July 8, AUD325.7 million investment in new home care packages by the government for older Australians; (ix) July 16, AUD2 billion support for the JobTrainer package to give Australians access to new skills by retraining and upskilling them into sectors with job opportunities, as the economy recovers from COVID-19; (x) July 21, The Government is extending the JobKeeper Payment until March 2021 with a reduced payment rate. Support will be targeted to businesses (including the self-employed) and not-for-profits that continue to be significantly impacted by the coronavirus. The new arrangements for the JobKeeper Payment are expected to cost an additional AUD16.6 billion; (x) July 21, The Government will extend the payment period of the temporary Coronavirus Supplement for those on income support from September to December 2020. The new arrangements for the Coronavirus Supplement are expected to cost an additional AUD3.8 billion; (xi) No amount/estimate: July 22, Mutual obligation requirements will continue to be gradually introduced starting August 4, 2020. Job seekers must be willing to accept any offer of suitable paid work or face penalties if a job seeker refuses a job without a reasonable excuse. Mutual obligation requirements are tasks and activities agreed upon while getting certain payments from the government; (xii) No amount/estimate: August 5, The Australian Government announced the Pandemic Leave Disaster Payment support for Victorians who can't earn an income because they must self-isolate or quarantine at home or they are caring for someone with COVID-19. The support runs until February 2021; (xiii) August 5, the Australian government announced that it will invest AUD33 million to provide child care relief for Victorian families. Families in Stage 4 lockdown are also entitled to receive an additional 30 days, or six weeks, of allowable absences from childcare; (xiv) August 7, the JobKeeper program was adjusted to expand employee eligibility to accommodate more firms needing the support. The adjustment is expected to cost around AUD15.6 billion in 2020-21; (xv) August 26, The government has announced a AUD1 billion investment package to boost Australia’s defence industry and support jobs across the country. The package is estimated to support around 4,000 jobs across Australia and help many small and medium sized businesses in the defence-industry supply chain [update].
|Australia||08||08 - International Assistance Received||AUD||96,494,049,600||60,000,000,000|
|Australia||08A||08A - Swaps||AUD||96,494,049,600||60,000,000,000||RBA. https://www.rba.gov.au/covid-19/ (accessed 3 June 2020); New York FED. https://apps.newyorkfed.org/markets/autorates/fxswap (accessed 9 July 2020).||
March 20, RBA has established a swap line with the United States (US) Federal Reserve for the provision of US dollar liquidity in amounts up to USD60 billion.
|Australia||08B||08B - International loans/grants||AUD|
|Australia||08B1||08B1 - Asian Development Bank||AUD|
|Australia||08B2||08B2 - Other||AUD|
|Austria||05||05 - Health and income support||EUR||52,384,000,000||57,946,902,655|
|Austria||05A||05A - Health support||EUR||339,000,000||375,000,000||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020).||
(i) Additional capacities for mobile and stationary care (EUR100 million); (ii) EUR60 million are granted to the health system; (iii) EUR 130 million are given to hospitals for equipment and to finance over-time payments; (iv) EUR36 million are disbursed to incentivize eligible research on COVID-19 by Austrian firms; (v) EUR13 million on medical supplies.
|Austria||05B||05B - Income support||EUR||52,045,000,000||57,571,902,655||European Commission. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1456 (accessed 15 August 2020). BMF. https://www.bmf.gv.at/presse/pressemeldungen/2020/august/fixkostenzuschuss-verlaengerung.html (accessed 27 August 2020). https://www.bmf.gv.at/presse/pressemeldungen/2020/juli/brutto-netto-rechner.html (accessed 31 July 2020). https://www.bmafj.gv.at/Services/Presse/Presseaussendungen/PA-16-Juli-2020.html (accessed 23 July 2020). https://www.bmf.gv.at/en/press/press-releases/2020/June/16-June-2020-government-consultation--%E2%82%AC50-billion-for-rescue,-relief-and-investments-.html (accessed 20 June 2020), https://www.bmafj.gv.at/Services/Presse/Presseaussendungen/PA_17_Juni_2020.html (accessed 19 June 2020), https://www.bmf.gv.at/presse/pressemeldungen/2020/juni/mwst-senkung.html (accessed 17 June 2020). https://www.bmf.gv.at/presse/pressemeldungen/2020/juni/regierungsklausur.html (accessed 17 June 2020), https://www.bmf.gv.at/presse/pressemeldungen/2020/Mai/kulturpaket.html (accessed 29 May 2020), https://www.bmf.gv.at/presse/pressemeldungen/2020/Mai/haertefallfonds.html (accessed 28 May 2020), https://www.bmf.gv.at/presse/pressemeldungen/2020/Mai/gemeindepaket.html (accessed 26 May 2020), https://www.bmf.gv.at/presse/pressemeldungen/2020/Mai/fixkostenzuschuss.html, https://www.bmf.gv.at/presse/pressemeldungen/2020/Mai/kurzarbeit-mittel-erhoeht.html (both accessed 21 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#A (accessed 20 May 2020); OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 24 June 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 21 May 2020).||
(i) EUR15 billion emergency funds for hard-hit industries to provide direct liquidity provisions and subsidies for running costs. On April 27, expanded Phase 2 of the hardship fund, through which SMEs may request up to 6000 Euros from the government; (ii) EUR10 billion for payment deferrals of personal income and corporate income taxes; (iii) No amount/estimate: rent payment deferrals; (iv) No amount/estimate: May 13, proposed a more simple calculation method to determine monetary subsidies by companies to their employees from their own accounts and from the government's funding. Under the new system, no employee should have any losses; (v) May 20, Increased to EUR12 billion (from EUR10 billion on April 13 and EUR5 billion originally) funds for short-time working, self-employed and funds to finance increased costs of caretaking, etc.; (vi) May 21, EUR1.2 billion is being rolled out by authorities as new fiscal measures including tax relief measures for the hospitality sector of EUR500 million and support to non-profit organizations of EUR700 million; (vii) No amount/estimate: May 21, Applications for the fixed subsidy have already started, with the first payments being disbursed by end of May. The Ministry of Finance will reimburse up to 75% of a company's fixed costs for up to 3 months; (vii) May 25, EUR1 billion in grants from the federal government to municipalities, geared towards support for infrastructure investment (e.g. schools, public transportation, energy production); (viii) May 27, increase in the minimum payment amount of the hardship fund to EUR500, and added another EUR500 comeback bonus, dedicated to entrepreneurs having hardships during the pandemic; (ix) May 28, Allocated EUR90 million to support freelance artists up to EUR1000 a month; (x) To jump-start the economy, a new tax incentive was introduced for companies that recruit apprentices, with EUR2,000 per position created between March 16 and October 31 of this year; (xi) June 12, Reduced VAT to 5% to support the catering trade, the cultural sector and the publishing sector; (xii) June 12, Deferred taxes to January 15, 2021. (xiii) June 16, reduced the lowest income tax bracket tax level from 25% to 20%. As of July 30, this was announced to be retroactively applied from January 1, 2020. There will also be a loss carryback, with business losses being offset against profits in 2019 and 2018, so that some of the deferred taxes may not have to be paid back at all. (xiv) June 16, extended Austria's fixed cost subsidy; (xv) June 16, fiscal package was increased by EUR12 billion to include stimulus measures, including investment in climate protection, affordable housing, health, and digitalisation and a one-off support for unemployed and families. Several specific tax relief measures are aimed at the agricultural and forestry sectors, culture and publishing; (xvi) June 17, Reserved EUR30 million for childcare in the summer from the municipal package; No amount/estimate: (xvi) June 26, Allocated another EUR30 million to Family Crisis Fund to support low income families, with the amounts to be transffered on July 13. As of July 16, this amount has been increased to EUR60 million. (xviii) June 30, Increased the top tax rate of 55% for incomes from EUR1 million until 2025; (ix) July 30, an additional bonus of EUR360 per child will be given on September 30 for each family eligible for family allowance; (x) July 30, In order to relieve employees who do not receive taxable income (up to EUR11,000), the traffic tax credit has been increased from a maximum of EUR 300 to a maximum of EUR 400. This covers commuting expenses from work to home; (xi) July 30, The SV reimbursement (for social securtiy contributions) will also be increased from EUR 300 to EUR 400. This applies from the assessment for the calendar year 2020; (xii) August 6, EUR665 million Austrian scheme to support non-profit organisations (NPOs) and their related entities in the context of the coronavirus outbreak. This has been approved by the European Commission; (xiii) August 24, Extended the fixed cost subsidy for businesses, doubled the length of time it can be received and reduced application requirements [update]. As of September 3, the rate has also been increased to 100% (versus 75% in the initial version). update]
|Austria||08||08 - International Assistance Received||EUR|
|Austria||08A||08A - Swaps||EUR|
|Austria||08B||08B - International loans/grants||EUR|
|Austria||08B1||08B1 - Asian Development Bank||EUR|
|Austria||08B2||08B2 - Other||EUR|
|Belgium||05||05 - Health and income support||EUR||10,550,000,000||11,670,353,982||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 20 May 2020).||
(i) EUR6.4 billion in total measures as part of the fiscal package outlined in the Stability Program to adress the crises. Key fiscal support measures include: boosting health expenditure and increasing support for those in temporary unemployment and self-employed; (ii) EUR3.8 billion (increased from EUR1.7 billion) regional governments' support to affected firms and sectors, and transfers to affected households.
|Belgium||05A||05A - Health support||EUR||1,200,000,000||1,327,433,628||European Commission. https://ec.europa.eu/info/sites/info/files/2020-european-semester-stability-programme-belgium_fr.pdf (accessed 24 May 2020).||
Of the total packages, around EUR1.2 billion are dedicated to health initiatives, with EUR1 billion for federal intiatives and EUR0.2 billion for regional.
|Belgium||05B||05B - Income support||EUR||9,350,000,000||10,342,920,354||European Commission. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (accessed 27 August 2020). Belgium Government. https://news.belgium.be/fr/prise-en-compte-du-conge-parental-corona-dans-la-pension-des-membres-du-personnel-de-la-fonction (accessed 12 August 2020), https://news.belgium.be/fr/covid-19-indemnite-de-crise-supplementaire-pour-certains-independants-et-conjoints-aidants-reconnus (accessed 25 July 2020), https://news.belgium.be/fr/financement-de-skeyes-suite-la-pandemie-due-au-covid-19 (accessed 18 July 2020). Federale Overheidsdienst Financien. https://financien.belgium.be/nl/Actueel/update-covid-19-verlenging-van-de-termijn-van-vrijstelling-van-rechten-en-btw-bij-invoer-op (accessed 30 July 2020). https://financien.belgium.be/nl/Actueel/vrijgestelde-reserve-ter-versterking-van-de-solvabiliteit-en-het-eigen-vermogen-ten-gevolge (accessed 2 July 2020). Service Public Federal Finances. https://finances.belgium.be/fr/douanes_accises/entreprises/corona-informations-et-mesures/mesures-de-soutien-relatives-aux-d%c3%a9lais (accessed 26 June 2020), https://finances.belgium.be/fr/Actualites/diminution-temporaire-taux-tva-secteur-horeca (accessed 14 June 2020). European Commission. https://ec.europa.eu/info/sites/info/files/2020-european-semester-stability-programme-belgium_fr.pdf (accessed 24 May 2020).||
(i) On the other hand, non-health initiatives total EUR9 billion, with EUR5.3 billion for federal and EUR3.7 billion for regional; (ii) April 3, exemptions from VAT and import duties for goods needed to mitigate the effects of COVID-19 were granted. As of July 23, this measure has been extended until October 31, 2020; (iii) In addition, reduced the VAT rate applicable to some restaurant and catering services to 6% until the end of 2020; (iv) June 9, Support measures relating to payment periods have been approved, and extension of the payment periods for VAT and Excessive Duties extend to December 31; (v) June 26, Temporary exemption from corporate tax based on losses incurred during the next tax period; (vi) July 10, EUR45 million in grants to skeyes (Belgian air navigation service) to ensure the operational and financial sustainability of the public enterprise in 2020; (vii) July 10, An advanced payment of EUR15 million was made to skeyes (Belgian air navigation service) for terminal fees for the latter half of the year; (viii) No amount/estimate: July 17, Additional crisis allowance for certain self-employed persons and assisting spouses recognized as incapacitated for work due to the containment measures; (ix) July 24, Considered coronavirus parental leaves in computing for the pension of the civil service; (x) August 21, European Commission approved the EUR290 million Belgian support to Brussels Airlines in the context of the coronavirus outbreak. [update]
|Belgium||08||08 - International Assistance Received||EUR|
|Belgium||08A||08A - Swaps||EUR|
|Belgium||08B||08B - International loans/grants||EUR|
|Belgium||08B1||08B1 - Asian Development Bank||EUR|
|Belgium||08B2||08B2 - Other||EUR||European Commission. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1496 (accessed 7 September 2020).||
August 24, The European Commission proposed a EUR7.8 billion loan to be granted on favourable terms from the EU to Belgium. This is pending final approval by the Council. [update]
|Canada||05||05 - Health and income support||CAD||48,839,100,000||35,003,834,438|
|Canada||05A||05A - Health support||CAD||77,500,000||55,545,601||Department of Finance Canada. https://www.canada.ca/en/department-finance/news/2020/05/government-provides-tariff-relief-to-importers-of-certain-medical-goods.html (accessed 10 June 2020).||
(i) CAD77.5 million - Personal protective equipment (PPE).
|Canada||05B||05B - Income support||CAD||48,761,600,000||34,948,288,837||Department of Finance Canada.. https://www.canada.ca/en/department-finance/economic-response-plan.html?topic=ex-col-faq (accessed 10 June 2020). Department of Finance https://www.canada.ca/en/department-finance/news/2020/07/supporting-canadian-workers-and-businesses-with-a-redesigned-canada-emergency-wage-subsidy.html (accessed 20 July 2020). Department of Finance https://www.canada.ca/en/department-finance/news/2020/07/government-legislation-to-support-canadian-workers-businesses-persons-with-disabilities-and-legal-rights-receives-royal-assent.html (accessed 31 July 2020). Department of Finance https://www.canada.ca/en/department-finance/news/2020/07/government-announces-new-extension-of-rent-relief-for-small-businesses.html (accessed 1 August 2020)||
(i) Emergency care benefit - CAD10 billion; (ii) Emergency Support Benefit - CAD5 billion; (iii) GST Credit - CAD5.5 billion; (iv) Enhanced Canada Child Benefit - CAD1.9 billion; (v) Temporary Business Wage Subsidy - CAD3.8 billion; (vi) Canada Student Loan Payments - CAD190 million; (vii) Support for Indigenous Communities - CAD305 million; (viii) Support for people experiencing homelessness (through Reaching Home) - CAD157.5 million; (ix) Support for women’s shelters and sexual assault centres including on reserve - CAD50 million; (x) Lower Registered Retirement Income Fund Minimum Withdrawal Amounts - CAD495 million; (xi) CAD10.5 billion as of June 8; Canada Emergency Wage subsidy (CEWS) calculator, the CEWS applies at a rate of 75% of the first CAD58,700 normally earned by employees-representing a benefit of up to CAD847 per week, per employee. The program is in place for a 12-week period, from March 15 to June 6, 2020; (xii) CAD20.1 million in support for Futurpreneur Canada to continue supporting young entrepreneurs across Canada who are facing challenges due to COVID-19; (xiii) CAD15 million in non-repayable support for businesses in the territories to help address the impacts of COVID-19; (xiv) CAD675 million to give financing support to small and medium-sized businesses that are unable to access other COVID-19 business supports, through Canada's Regional Development Agencies; (xv) CAD274 million - Creating new jobs and opportunities for youth; (xvi) No amount/estimate: Canada Emergency Response Benefit (CERB) provides a taxable benefit of CAD2,000 every 4 weeks for up to 16 weeks to eligible workers who have lost their income due to COVID-19; (xvii) CAD2.47 billion - clean energy; (xviii) CAD350 million - to support vulnerable Canadians through charities and non-profit organizations; (xviii) No amount/estimate: Waiving ground lease rents through December 2020 for airport authorities that pay rent to the federal government; (xix) CAD500 million - COVID-19 Emergency Support Fund for cultural, heritage, and sport organization to address financial needs of affected organizations so they can continue to support artists and athletes; (xx) CAD5.365 billion for agriculture and fisheries; (xxi) No amount/estimate: Increased payments of 50% to 75% to AgriStability to support farmers that face significant revenue declines; (xxiii) No amount/estimate: Flexibility for individual and corporate taxpayers (tax payment deferral until September); (xxiv) AgriRecovery initiative of up to CAD125 million to help producers faced with additional costs incurred such as set-asides for cattle and hog management programs to manage livestock backed-up on farms, due to temporary closure of food processing plants; (xxv) Surplus Food Purchase Program of CAD50 million to help redistribute existing and unsold food inventories; (xxvi) No amount/estimate; July 20, the Finance Ministry announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) that would extend it to December 19, 2020, make the subsidy eligible to a broader range of employers by including those with a revenue decline of less than 30 percent, introduce a top-up subsidy up to an additional 25 percent for employers most adversely affected; (xxvii) July 27, the Department of Finance announced that Bill C-20, An Act Respecting Further COVID-19 Measures, ensures the CEWS continues through December 19, 2020, is now accessible to a broader range of employers, introduces a top-up subsidy of up to an additional 25 percent employers most adversely affected by COVID-19; the Bill also provides a one-time non-taxable payment of up to CAD600 to approximately 1.7 million to eligible disabled individuals--amount = 1.7 million x CAD600 = CAD1.02 billion; (xxviii) No amount/estimate: July 31, the Department of Finance announced an extension of rent relief for small businesses by one month through the Canada Emergency Commercial Rent Assistance;
|Canada||08||08 - International Assistance Received||CAD|
|Canada||08A||08A - Swaps||CAD||
No amount/estimate: BoC together with central banks from Japan, Euro Area, UK, US, and Switzerland, announced a coordinated central bank action to further enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements; Starting with the Fed's expansion of its central bank swap lines on March 2, the BoC had not used the swap line to acquire US dollars from the Federal Reserve.
|Canada||08B||08B - International loans/grants||CAD|
|Canada||08B1||08B1 - Asian Development Bank||CAD|
|Canada||08B2||08B2 - Other||CAD|
|Denmark||05||05 - Health and income support||DKK||270,037,000,000||39,978,667,523|
|Denmark||05A||05A - Health support||DKK||2,350,000,000||347,914,799||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 April 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 10 June 2020). Denmark government. https://sim.dk/nyheder/nyhedsarkiv/2020/jul/kommunerne-faar-8-9-mia-kr-ekstra-udbetalt-efter-covid-19/ (accessed 2 July 2020)||
(i) March 30, DKK150 million in subsidies provided to health research specifically related to COVID-19; (ii) Recently an additional DKK 0.8 billion has been allocated to hire more social and health workers nationwide; (iii) July 1, DKK1.4 billion disbursed to municipalities for protective equipment and extra cleaning.
|Denmark||05B||05B - Income support||DKK||267,687,000,000||39,630,752,723||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 April 2020). https://bm.dk/nyheder-presse/pressemeddelelser/2020/06/alle-foraeldre-faar-ret-til-et-halvt-aars-sorgorlov/ (accessed 18 June 2020). https://bm.dk/nyheder-presse/nyheder/2020/06/oversigt-disse-personer-er-berettigeret-til-engangstilskud-paa-1000-kr/ (accessed 18 June 2020). Denmark government. https://sim.dk/nyheder/nyhedsarkiv/2020/jul/kommunerne-faar-8-9-mia-kr-ekstra-udbetalt-efter-covid-19/ (accessed 13 August 2020). European Commission. https://www.eureporter.co/frontpage/2020/08/04/commission-approves-cohesion-policy-funds-redirection-to-mitigate-the-impact-of-coronavirus-in-denmark-and-near-the-hungarian-slovakian-border (accessed 6 July 2020)||
(i) March 10, DKK32.5 billion liquidity effect of deferral of monthly VAT payments for large firms; (ii) March 12, No amount/estimate: Short-time Work Scheme made more flexible; (iii) DKK10 million for upskilling of dismissed employees; (iv) DKK1.7 billion sickness benefit reimbursement available from 27 February to 1 January 2021; (v) March 26, DKK1.1 billion liquidity effect of deferral of property taxes; (vi) DKK2.5 billion frontloading of investments in e.g. energy renovation and similar initiatives in municipalities; (vii) March 26, DKK6.5 billion frontloading of payment by local governments to firms; (viii) March, DKK74 billion liquidity effect of deferral of income tax payment and labor market contributions; (ix) April 1, DKK300 million compensation scheme to event organizer companies extended; (x) April 7, DKK1.2 billion for a range of minor support schemes established to support agents and businesses with cultural activities, sports and private education; (xi) April 18, DKK6 billion for the Job Retention Scheme available from 9 March to 8 July 2020. Take-up rate around 5% of the labour force (150,000 employees) on 19 April; (xii) April 18, DKK277 million for increased access to unemployment and sickness benefits. As of June 5, the wage compensation has been extended to August 29; (xiii) April 18, DKK65.3 billion compensation scheme for companies’ fixed costs available for the period 9 March to 8 July; (xiv) April 18, DKK14.3 billion compensation scheme for self-employed; (xv) April 18, DKK350 million for Innovation and Sustainable Growth in Business Scheme to support new projects. As of August 5, the European Commission has approved the extension of this program to help affected companies restructure and consolidate themselves. The modification will also improve cooperation between large companies and SMEs in green transition; (xvi) April, DKK35.4 billion VAT payments already made for second half and last quarter of 2019 are made available as interest free loans; (xvii) April, DKK5 billion liquidity impact of deferral of provisional taxes for self-employed; (xviii) May 14, No amount/estimate: Increased holiday and time-off benefits for students, apprentices, and trainees; (xix) May 20, Established a pool of DKK20 million to sponsor collegiate, cultural, and sporting activities for vulnerable and elderly citizens during the coronavirus crisis. The pool is managed by the Ministry of Culture's Palace and Culture Board; (xx) May 26, No amount/estimate: Relaxed requirements to receive pension and unemployment benefits; (xxi) May 26, No amount/estimate: Frozen holiday funds must be paid out by employers by September 1, 2020; (xxii) May 28, DKK18 billion from further VAT deferrals for medium-sized firms; (xxiii) No amount/estimate: June 4, Banned predatory mortgage loan providers, and created rules to facilitate settlement of those loans; (xxiv) No amount/estimate: June 15, Announced a one-time grant of DKK1,000 to be paid to beneficiaries who were fully or partially publicly supported by a public income transfer in the month of April; (xxv) No amount/estimate: June 15, Gives six months' grief leave to all parents who lose a child under the age of 18; (xxvi) No amount/estimate: Extended deadlines for Danish municipalities and regions to prepay deliveries worth DKK1 million (minus value added taxes) or less; (xxvii) DKK700 million summer fiscal package for the tourism, transportation, athletics, and culture sectors; (xxviii) No amount/estimate: Extend the suspension of the 225-hour rule for cash beneficiaries until September 8, 2020; (xxix) DKK730 million for increased unemployment benefits - unemployed people over 30 years will be entitled to take a vocational education of 110% unemployment benefit; (xxx) July 1, DKK7.5 billion disbursed to municipalities for transfer costs, employment grants, and other non-health expenditures. The other 1.4 billion of the 8.9 billion total package can be found in (iii) of Measure 5A; (xxxi) July 13, The European Commission has approved two Danish schemes to support self-employed workers and freelancers affected by the coronavirus outbreak: (a) DKK500 million for self-employed workers active in all sectors of the economy except the financial sector; (b) DKK200 million for self-employed workers and freelancers whose yearly income is strongly dependent on delivering goods or services linked to large events, which were initially planned for the summer of this year but had to be cancelled or postponed due to the emergency measures put in place by the Danish government to limit the spread of the coronavirus; (xxxii) July 14, DKK1.1 billion to compensate fixed costs of companies whose activities are still subject to the restrictive measures implemented by the Danish Government to limit the spread of the coronavirus. As of August 7, this measure has been extended to August 29 for companies which are still not allowed to open under the current rules.
|Denmark||08||08 - International Assistance Received||DKK||349,630,351,082||51,762,371,681|
|Denmark||08A||08A - Swaps||DKK||349,182,041,750||51,696,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 30 April 2020); The Fed. https://apps.newyorkfed.org/markets/autorates/fxswap (accessed 14 May 2020).||
The standing swap line with ECB was activated and its size was doubled to EUR24 billion. It will remain in place as long as needed, no information available on usage. In addition, the DN reached an agreement with the Federal Reserve to establish a USD30 billion swap line that will stand for at least 6 months. Amounts outstanding under the Federal Reserve swap line: USD300 million as of August 6. Peak amount oustanding: USD5.29 billion as of April 30.
|Denmark||08B||08B - International loans/grants||DKK||448,309,332||66,371,681|
|Denmark||08B1||08B1 - Asian Development Bank||DKK|
|Denmark||08B2||08B2 - Other||DKK||448,309,332||66,371,681||Nordic Investment Bank. https://www.nib.int/who_we_are/news_and_media/news_press_releases/3536/nib_finances_environmental_projects_and_smes_in_denmark (accessed 8 July 2020)||
EUR60 million over a 10-year loan agreement between the Nordic Investment Bank (NIB) and the Danish Ringkjøbing Landbobank (RLB) for onlending to environmental projects and to SMEs in Denmark. This initiative is part of NIB's special support for sustainable business during the Covid-19 pandemic.
|Finland||05||05 - Health and income support||EUR||27,770,900,000||30,720,022,124|
|Finland||05A||05A - Health support||EUR||1,005,000,000||1,111,725,664||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 21 April 2020).||
March 20, (i) EUR1 billion for healthcare and testing, protection and medical equipment, public safety and border controls, and research on the coronavirus epidemic, in particular to develop methods for rapid diagnostics and vaccines and a knowledge base for timely decision-making on coronavirus measures, (especially on the exit strategy; (ii) EUR5 million contribution to international non-profit companies working on the development of a COVID-19 vaccine.