|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Australia||05||05 - Health and income support||AUD||273,682,500,000||170,175,778,383|
|Australia||05A||05A - Health support||AUD||135,620,700,000||84,328,951,202||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).||
(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; (iii) March 29, A safety net package of AUD1.1billion has been announced by the Prime Minister to expand mental health and tele-health services, increase domestic violence services and provide more emergency food relief; (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 [update].
|Australia||05B||05B - Income support||AUD||138,061,800,000||85,846,827,181||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); 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).||
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) 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; (iv) 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 [update]; (v) 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 [update].
|Austria||05||05 - Health and income support||EUR||39,629,000,000||43,837,389,380|
|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||39,290,000,000||43,462,389,380||BMF. 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 10 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. [update]
|Belgium||05||05 - Health and income support||EUR||10,200,000,000||11,283,185,840||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||9,000,000,000||9,955,752,212||SPF Finances. 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 for regional; (ii) In addition, reduced the VAT rate applicable to some restaurant and catering services to 6% until the end of 2020. [update]
|Canada||05||05 - Health and income support||CAD||47,819,100,000||34,272,782,655|
|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||47,741,600,000||34,217,237,054||Department of Finance Canada.. https://www.canada.ca/en/department-finance/economic-response-plan.html?topic=ex-col-faq (accessed 10 June 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) CAD 10.5 billion as o f June 8; Canda 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 CAD 125 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 famrs, due to temporary closure of food processing plants; (xxv) Surplus Food Purchase Program of CAD 50 million to help redistribute existing and unsold food inventories.
|Denmark||05||05 - Health and income support||DKK||265,907,000,000||39,367,225,769|
|Denmark||05A||05A - Health support||DKK||950,000,000||140,646,408||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)||
(i) March 30, DKK150 million in aubsidies 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. [update]
|Denmark||05B||05B - Income support||DKK||264,957,000,000||39,226,579,361||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 April 2020). Denmark Government. https://bm.dk/nyheder-presse/pressemeddelelser/2020/05/regeringen-freder-elever-laerlinge-og-praktikanters-ferie-og-fridage-under-loenkompensation/ (accessed 14 May 2020). Ministry of Culture. https://kum.dk/nyheder-og-presse/pressemeddelelser/nyheder/kulturpulje-til-udsatte-saarbare-og-aeldre-er-aaben/1/1/ (accessed 24 May 2020). Denmark government. https://em.dk/nyhedsarkiv/2020/juni/regeringen-og-arbejdsmarkedets-parter-udfaser-gradvist-loenkompensationsordningen/ (accessed 10 June 2020)||
(i) March 10, DK35 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, DKK90 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 [update]; (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 Subsidy Scheme to support new projects; (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.
|European Central Bank||05||05 - Health and income support||EUR|
|European Central Bank||05A||05A - Health support||EUR|
|European Central Bank||05B||05B - Income support||EUR|
|European Union||05||05 - Health and income support||EUR||216,199,000,000||239,158,185,841|
|European Union||05A||05A - Health support||EUR||3,880,000,000||4,292,035,398||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020).||
(i) EUR800 million of the EU Solidarity Fund will be available by including a public health crisis within its scope, with a view of mobilizing it if needed for the hardest-hit EU member states; (ii) 19 March, the Commission decided to create a European civil protection stockpile of medical equipment (initial budget of EUR50 million, proposed to increase to EUR80 million) with a 90% Commission grant; (iii) 2 April, the Commission presented legislative proposals for an Emergency Support Instrument for the healthcare sector, (EUR3 billion) from the EU budget.
|European Union||05B||05B - Income support||EUR||212,319,000,000||234,866,150,442||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020); EC. https://ec.europa.eu/regional_policy/en/newsroom/news/2020/01/14-01-2020-financing-the-green-transition-the-european-green-deal-investment-plan-and-just-transition-mechanism (accessed 19 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 21 May 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_997 (accessed 12 June 2020).||
(i) Mobilised European Globalisation Adjustment Fund to support dismissed workers and those self-employed (up to EUR179 million available in 2020); (ii) EUR100 billion to finance the short-term unemployment mechanisms through the loans provided by the EU Commision to EU member states (SURE mechanism) backed by EUR 25 billion of guarantees voluntarily committed by Member States to the EU budget. On May 20, a Regulation establishing SURE entered into force. Countries will be able to use loans also in support of some health-related measures, esp. in the workplace. SURE will become available once all Member States have provided the required guarantees proportionally to gross national income, and will remain available until end-2022 (with the possibility to adjust this deadline) ; (iii) no amount/estimate: March 19, EU Comission intends to allow State aid for struggling businesses and enable Member States to use the full flexibility foreseen under State aid rules. On May 8, the European Commission adopted a second amendment to extend the scope of the State aid Temporary Framework to recapitalization and subordinated debt measures to further support the economy in the context of the coronavirus outbreak. The amended Temporary Framework will be in place until the end of December 2020, except for recapitalization measures which has an extended period by the end of June 2021. The Commission will assess before these dates if they need to be extended; (iv) March, EUR37 billion unallocated funds of cohesion policy funding 2014-2020 will be eligible for Coronavirus crisis related expenditure within the Corona Response Investment Initiative. Member States can use them to support public investment for hospitals, SMEs, labor markets, and stressed regions. The Coronavirus Response Investment Initiative Plus (CRII+), proposed on 2 April, complements the CRII by further enhancing flexibility in the use of cohesion funds. This enhanced flexibility is inter alia provided through transfer possibilities across the three cohesion policy funds (the European Regional Development Fund, European Social Fund and Cohesion Fund), transfers between the different categories of regions (e.g. less vs more developed), flexibility regarding thematic concentration, the possibility for a 100% EU co-financing rate for the accounting year 2020-2021, and simplified procedural steps; (v) European Green Deal investments will remain a priority as part of the EU's efforts to kickstart its economy post-crisis. One of its three sources of funding is a grant, the A Just Transition Fund, which will receive EUR7.5 billion of fresh EU funds. In order to tap into their share of the Fund, Member States will, in dialogue with the Commission, have to identify the eligible territories through dedicated territorial just transition plans. They will also have to commit to match each euro from the Just Transition Fund with money from the European Regional Development Fund and the European Social Fund Plus and provide additional national resources. Taken together, this will provide between EUR30 and EUR50 billion of funding. It will, for example, support workers to develop skills and competences for the job market of the future and help SMEs, start-ups and incubators to create new economic opportunities in these regions. It will also support investments in the clean energy transition, for example in energy efficiency. Another source of funds for this initiative is a public sector loan facility with the European Investment Bank backed by the EU budget to mobilise between EUR25 and EUR30 billion of investments. It will be used for loans to the public sector, for instance for investments in district heating networks and renovation of buildings; (vi) June 8, European Innovation Council (EIC) Accelerator Pilot fund issued grants of EUR140 million to innovative companies [update]; (vii) Proposed modifications to its 2020 budget to make EUR 11.5 billion available for the hardest hit regions, and to support businesses, including those outside of EU borders. These modifications are stopgap measures to provide support while waiting for the European Commission to ratify a budget containing the "Next Generation EU" recovery instrument [update].
|Finland||05||05 - Health and income support||EUR||27,678,000,000||30,617,256,637|
|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.
|Finland||05B||05B - Income support||EUR||26,673,000,000||29,505,530,973||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#F (accessed 9 May 2020); MEE. https://tem.fi/artikkeli/-/asset_publisher/ensimmaiset-valtionavustukset-kunnille-yksinyrittajien-tukemiseksi (accessed 3 May 2020); https://vm.fi/en/article/-/asset_publisher/10616/hallitus-paatti-vuoden-2020-neljannesta-lisatalousarvioesityksesta (accessed 9 June 2020).||
March 20, (i) EUR1.05 billion (increased from EUR900 million) in lower pension contributions through the remainder of 2020; (ii) EUR650 million for grants to SMEs and self-employed; and (iii) EUR3 billion for expanded parental allowance, social assistance and unemployment insurance; (iv) EUR4.5 billion i.7n tax and pension payment deferrals; (v) EU12 billion in increase in fiscal deficit from automatic stabilizers (4-5.0) percentage points of GDP; (vi) April 20, EUR250 million grants for sole proprietors for the cost of running business; (vii) EUR40 million to support restaurants in employing workers and EUR83 million compensation for the imposed restrictions on activities; (viii) EUR5.1 billion (which is part of the fourth supplementary budget of 6 June amounting to EUR 5.5 billion) focusing on aid to municipalities and measures supporting quick economic recovery. This stimulus package is aimed at boosting demand, improving Finland’s long-term growth prospects, combating climate change, promoting biodiversity, and reinforcing the entire country’s capabilities, resilience, self-sufficiency, and skills and competences. The package also includes measures supporting local government that are intended to secure basic services and alleviate the challenges for local government finances resulting from the virus crisis. The supplementary budget proposal also includes a set of measures to support the wellbeing of children and young people. [update].
|France||05||05 - Health and income support||EUR||74,950,000,000||82,909,292,035|
|France||05A||05A - Health support||EUR||8,310,000,000||9,192,477,876||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020).||
(i) EUR260 million (from the unspent reserves in the 2019 budget) and EUR3.5 billion from the (2020 budget allocation for the healthcare system); (ii) EUR4.5 billion of additional funds for the purchase of equipment and other health expenses; (iii) creation of an additional emergency fund of EUR50 million for research on COVID-19.
|France||05B||05B - Income support||EUR||66,640,000,000||73,716,814,159||OECD. http://www.oecd.org/coronavirus/en/ (accessed 14 May 2020); Economie. https://www.economie.gouv.fr/coronavirus-startup-mesures-de-soutien-economique (accessed 15 April 2020); Figaro. https://www.lefigaro.fr/flash-eco/le-gouvernement-annonce-390-millions-d-euros-pour-le-transport-routier-20200417 (accessed 2 May 2020); BBC News. https://www.bbc.com/news/business-52814074 (accessed 28 May 2020); MINEFI. https://minefi.hosting.augure.com/Augure_Minefi/r/ContenuEnLigne/Download?id=7527227F-7F00-40D8-BBBD-C73ACCFE38E3&filename=1040%20-%20G%C3%A9rald%20DARMANIN%20annonce%20que%20les%20possibilit%C3%A9s%20de%20report%20des%20cotisations%20sociales%20sont%20prolong%C3%A9es%20pour%20le%20mois%20de%20juin%2C%20sur%20demande..pdf (accessed 12 June 2020).||
(i) EUR8.5 billion for short-time work scheme; (ii) April 27, EUR7 billion (increased from EUR1.5 billion) for the solidarity fund to support income for the self-employed and smallest firms; (iii) EUR48.5 billion in postponement of social and fiscal deadlines and the early reimbursements of tax credits (2.0% of 2019 GDP); (iv) No amount/estimate: tax exemptions for bonuses in "essential" sectors; (v) March 25, EUR1.75 billion in tax breaks and grants to startups; (vi) April 20, EUR390 million road transport fund (liquidity for road transport sector); (vii) EUR0.5 billion for postponement of part of the unemployment insurance reform; (viii) May 25, EUR8 billion proposed rescue plan for country's car industry which has been severely impacted by the COVID-19 pandemic (proposal stage); (ix) EUR18 billion Tourism rescue plan and EUR10 billion Aeronautic sector rescue plan (still in the proposal stage) [update]; (x) No amount/estimate: June 2, Extended the postponement of social security payments through the month of June 2020 [update].
|Germany||05||05 - Health and income support||EUR||780,430,000,000||863,307,522,124|
|Germany||05A||05A - Health support||EUR||70,800,000,000||78,318,584,071||Federal Ministry of Finance. https://www.bundesfinanzministerium.de/Content/EN/Pressemitteilungen/2020/2020-03-23-supplementary-budget.html (accessed 17 April 2020); OECD. https://www.oecd.org/coronavirus/en/ (accessed 17 April 2020); Federal Ministry of Health. https://www.bundesgesundheitsministerium.de/coronavirus.html (accessed 8 June 2020).||
(i) March 23, EUR3.5 billion for emergency measures, such as procuring protective suits and masks, funding for development of a vaccine and treatment, support services provided by the Federal Armed Forces, assistance for German and European Union citizens abroad, and public outreach to keep the population informed; (ii) EUR55 billion funds made available for further pandemic control projects; (iii) EUR2.8 billion will be provided by the Federal government as additional funding for hospitals to balance losses due to rescheduled surgeries and to increase intensive care unit (ICU) capacity; (iv) June 3, the government decided on a new stimulus package which includes EUR9.5 billion to strengthen health care, by investing in local health offices, more modern hospitals, sufficient medicines, and protective equipment [update].
|Germany||05B||05B - Income support||EUR||709,630,000,000||784,988,938,053||Federal Ministry of Finance. https://www.bundesfinanzministerium.de/Content/EN/Pressemitteilungen/2020/2020-03-23-supplementary-budget.html (accessed 17 April 2020); Bruegel. https://www.bruegel.org/publications/datasets/covid-national-dataset/#germany (accessed 17 April 2020); Federal Ministry of Finance and Federal Ministry for Economic Affairs and Energy. https://www.bmwi.de/Redaktion/EN/Downloads/a/a-protective-shield-for-employees-and-companies.pdf?__blob=publicationFile&v=3 (accessed 17 April 2020); Tax Foundation. https://taxfoundation.org/kurzarbeit-germany-short-work-subsidy-scheme/ (accessed 17 April 2020); OECD. https://www.oecd.org/coronavirus/en/ (accessed 30 April 2020; 8 May 2020); Bundesministerium der Finanzen. https://www.bundesfinanzministerium.de/Content/DE/Pressemitteilungen/Finanzpolitik/2020/05/2020-05-06-Hilfen-Gastronomie.html (accessed 9 May 2020); Federal Ministry of Labor and Social Affairs. https://www.bmas.de/DE/Presse/Pressemitteilungen/2020/sozialschutzpaket-ii-weitere-hilfen-fuer-arbeitnehmer.html (accessed 21 May 2020); Politico. https://www.politico.eu/article/german-coalition-agrees-e130b-economic-rescue-package/ (accessed 4 June 2020).||
(i) March 23, EUR50 billion in direct grants to distressed one-person businesses and micro-enterprises; (ii) EUR7.7 billion to expand access to welfare payments such as child allowance and income support, removing means-testing rules, and including self-employed workers; (iii) EUR500 billion (Bruegel estimate) tax deferrals for businesses, that is, EUR70 billion for direct corporate income tax plus EUR430 billion if we include indirect taxes and social contributions (assuming 75% tax deferral and 5% of gross domestic product [GDP] loss in 2020); (iv) EUR10 billion for keeping people employed, by expanding the reduced hours compensation benefit scheme (‘Kurzarbeitergeld’); (v) Subsidies to loans (included in the EUR357 billion mentioned in Measure 1) made available through KfW; (vi) No amount/estimate: April 22, The government decided to increase the replacement rate of lost net earnings to 70% for childless workers and to 77% for workers with children from the fourth month of short-time work onwards if they have reduced their working time by at least 50%. In the seventh month, payments are increased further to 80% and 87% respectively; (vii) April, The labour agency will cover 100% of social-security contributions for lost hours of short-time workers; (viii) No amount/estimate: Starting on July 1, the reduced VAT rate of 7% will be applicable to restaurants for 12 months; (ix) No amount/estimate: May 6, (a) Sales tax rate for restaurant and catering services rendered between 30 June 2020 and 1 July 2021 will be reduced from 19% to 7%, except for beverage sales; (b) Employer grants for short-time work benefits and seasonal short-time work benefits for wage payment between 29 February 2020 and 1 January 2021 will be up to 80% of the difference between the target salary and the actual salary; (x) May 14, Under the Social Protection Package, The increase in short-time work benefits leads to additional expenditure in the budget of the Federal Employment Agency of an estimated EUR680 million. The extension of the eligibility period for unemployment benefit leads to additional expenditure in the budget of the Federal Labor Agency estimated around EUR1.95 billion; (xi) June 3, A new stimulus package which includes: (a) Economic and crisis management package, mainly tax cuts and investments (EUR59.7 billion), (b) Strengthen Länder and municipalities (EUR15.6 billion), (c) Social expenditure (EUR9 billion), (d) Future programme (green and technological) (EUR47 billion), (e) Humanitarian aid (EUR3 billion), and (f) Equity for public railways (EUR5 billion) [update].
|Ireland||05||05 - Health and income support||EUR||9,591,000,000||10,609,513,274|
|Ireland||05A||05A - Health support||EUR||1,005,000,000||1,111,725,664||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020).||
(i) Extra funding of EUR1 billion (0.5% of GNI) to the Health Service Executive for improving capacity in the health service; (ii) EUR5 million allocate for 26 COVID-19 research projects.
|Ireland||05B||05B - Income support||EUR||8,586,000,000||9,497,787,611||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/02052020.html (accessed 9 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 9 May 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/15052020b.html (accessed 1 June 2020). IE. https://www.gov.ie/en/publication/f7f70-30m-funding-under-the-rural-development-investment-programme/ (accessed 12 June 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/June/04062020.html (accessed 12 June 2020).||
March 9, The government has so far announced a stimulus package of EUR6.3 billion (3.2% of GDP) in response to the COVID-19 pandemic. It includes EUR2.4 billion for illness benefit payments announced on 9 March, as well as a further EUR3.7 billion announced on 24 March to cover the cost of a new Wage Subsidy Scheme. The government has also announced direct financial support for businesses. No amount/estimate: (i) Local Enterprise Offices in every county will be providing vouchers from EUR2,500 up to EUR10,000; (ii) a Finance in Focus grant of EUR7,200 will be available to Enterprise Ireland and Údarás na Gaeltachta clients; (iii) the government agreed with local authorities that they should defer business rates payments due from the most immediately affected businesses until the end of May; (iv) variety of taxation measures to alleviate short-term difficulties. For example, interest on late payments and all debt enforcement activity have been suspended and current tax clearance status will remain in place for all businesses; (v) Moratoriums on evictions and rent increases for duration of Covid emergency. The Commission for Regulation of Utilities has issued a moratorium on disconnections of domestic customers for non-payment to the gas and electricity suppliers; (vi) May 2, EUR250 million "Restart Grant" for micro and small businesses based on a rates/waiver rebate from 2019. 15 May, Approved details of the "Restart Grant" for small businesses (for costs associated with reopening and reemploying workers) . Grants will be available to businesses with turnover of less than EUR 5 million and employing 50 people or less, with at least 25% reduction in turnover by June 30, 2020. The grants will be equivalent to the rates bill of the business in 2019, with a minimum payment of EUR 2,000 and maximum of EUR 10,000. Applications open on Friday, May 22, 2020 ; (vii) EUR2 billion (estimate) for a three month commercial rates waiver for impacted businesses and the ‘warehousing’ of tax liabilities for a period of twelve months after recommencement of trading during which time there will be no debt enforcement action taken by Revenue and no interest charge accruing in respect of the warehoused debt; (viii) June 9, EUR30 million for the Rural Development Investment Programme under Project Ireland 2040 to support the social and economic recovery of rural communities over the coming months [update]; (ix) EUR6 million Enterprise Ireland funding for access to cutting edge R&D equipment in Technology Gateways and Centres to increase R&D collaboration and competitiveness for companies [update].
|Italy||05||05 - Health and income support||EUR||81,815,000,000||90,503,318,584|
|Italy||05A||05A - Health support||EUR||6,450,000,000||7,134,955,752||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); Milano Today. https://www.milanotoday.it/attualita/coronavirus/decreto-rilancio.html#13 (24 May 2020).||
(i) EUR3.2 billion for the national health service and to support civil protection; (ii) EUR3.25 billion for healthcare as part of the additional additional EUR55 billion rescue package announced on 13 May .
|Italy||05B||05B - Income support||EUR||75,365,000,000||83,368,362,832||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 May 2020); MIPAAF. https://www.politicheagricole.it/flex/cm/pages/ServeBLOB.php/L/IT/IDPagina/15431 (accessed 18 May 2020); Milano Today. https://www.milanotoday.it/attualita/coronavirus/decreto-rilancio.html#13 (18 May 2020) IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#F (accessed 21 May 2020); Bloomberg. https://www.bloomberg.com/news/articles/2020-05-13/italy-government-signs-off-on-55-billion-euro-stimulus-package (accessed 24 May 2020); Ministry of Infrastructure and Transport, Italy. Ministry of Labor and Social Policies. http://www.mit.gov.it/comunicazione/news/coronavirus/coronavirus-da-de-micheli-60-milioni-per-sostegno-locazione (accessed 25 May 2020); https://www.lavoro.gov.it/notizie/pagine/bonus-covid-per-iscritti-alle-casse-professionali-firmato-decreto-interministeriale.aspx/ (accessed 16 June 2020).||
For individuals: (i) EUR5.0 billion to strengthen the wage supplementation scheme for furloughed employees; (ii) EUR400 million for one-year suspension in the repayment of real estate mortgages by workers having lost their job; (iii)EUR2.3 billion for one-off EUR 600 payment to the self-employed &seasonal workers; (iv) No amount/estimate: Allowance of EUR500 per month for up to 3 months for self-employed workers in the municipalities most affected; (v) EUR1.3 billion to strengthen childcare support; (iv) EUR30 million for EUR1000 childcare payment to employees in the healthcare and law enforcement sectors; (v) EUR0 5 million to raise by 12 days the paid leave for disabled workers and workers caring for a disabled relative; (vi); EUR130 million to extend sick leave to cover days spent in quarantine; (vii) EUR900 million for a EUR 100 one-off bonus to workers who continued to work at their workplace. For companies: (i) EUR540 million for 60% tax credit on commercial rents; (ii) EUR50 million for incentives to firms to sanitise workplaces; (iii) EUR600 million for suspension of collection of tax collection files; (iv) No amount/estimate: Suspension for 2 months of tax and social security payments in the municipalities most affected; (v) EUR10 billion for suspension of all the tax and social security payments coming due in March; (vi) No amount/estimate: suspension of 2 months (until end of April) in the payment of the electricity, gas, water and waste bills in the most affected municipalities; (vii) No amount/estimate: Non-application of withholding tax for professionals without employees, with revenues below EUR400,000 until 31 May 2020; (viii) No amount/estimate: Incentive to sell impaired loans (NPLs) by converting deferred tax assets (DTA) into tax credits for financial and industrial companies; (ix) EUR1.7 billion to provide fee-free guarantee for SMEs loans; (x) EUR500 million Emergency Fund to protect supply chains in crisis”, to cover damage by the agricultural, fishing and aquaculture sector, and “and the slowdown in exports” (especially for livestock). It is a partial compensation of stocks (costs of storage and seasoning of these products); (xi) May 7, New Covid-19 emergency fund of EUR 100 million to agriculture sector (interest subsidy and direct aid) ; (xiii) May 13, the government announced a further €55 billion rescue package of measures. Measures include further income support for furloughed workers, freelancers and unemployment benefits (EUR26.5 billion), funds for the healthcare system (EUR3.25 billion), measures to support businesses, including grants for SMEs and tax deferrals (EUR16 billion), EUR1.2 billion for the food and agriculture sector, and EUR1.4 billion for schools, including hiring university researchers and teachers ; (xiv) May 6, EUR60 million to the National Fund for support to access in housing rental; (xv) 8 June, Decree that allows for the automatic disbursement of an April payment worth EUR600 to Italian free-lancers who benefitted from an analogous bonus for the month of March. The payment is a form of unemployment compensation related to COVID-19 (a so-called "Covid bonus") [update].
|Japan||05||05 - Health and income support||JPY||242,100,000,000,000||2,256,440,982,624||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020); Prime Minister of Japan and His Cabinet. https://japan.kantei.go.jp/ongoingtopics/ (accessed 13 April 2020); Prime Minister of Japan and His Cabinet. https://japan.kantei.go.jp/ongoingtopics/COVID19Response/COVID19April7EEM.pdf (accessed 13 April 2020); Prime Minister of Japan and His Cabinet. https://japan.kantei.go.jp/98_abe/statement/202004/_00002.html (accessed 24 April 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). Cabinet Public Relations Office. http://japan.kantei.go.jp/98_abe/actions/202005/_00010.html (accessed 22 May 2020). Reuters. https://www.reuters.com/article/us-health-coronavirus-japan-stimulus/japan-approves-fresh-1-1-trillion-stimulus-to-combat-pandemic-pain-idUSKBN2323D3; https://www.reuters.com/article/us-health-coronavirus-japan-stimulus-fac/factbox-key-spending-in-japans-second-stimulus-package-of-1-1-trillion-idUSKBN2330GG?il=0 (accessed 27 May). The Japan Times. https://www.japantimes.co.jp/news/2020/06/12/national/extra-budget-coronavirus/#.XuMz8EUzZPY (accessed 12 June 2020).||
(i) April 7, The Government of Japan adopted the Emergency Economic Package Against COVID-19 of JPY117.1 trillion (21.1% of gross domestic product [GDP]) and subsumed the remaining part of the previously announced packages (the December 2019 stimulus package (passed in January 2020) and the two COVID-19-response packages announced on February 13 and March 10, respectively). The April package aims at five objectives: (a) Develop preventive measures against the spread of infection and strengthen treatment capacity (expenditure of 0.5% of GDP); (b) Protect employment and businesses (15.1% of GDP); (c) Regain economic activities after containment (1.6% of GDP); (d) Rebuild a resilient economic structure (3% of GDP); and (e) Enhance readiness for the future (0.3% of GDP; the key measures under the package comprise cash handouts to affected households and firms, and deferral of tax payments and social security contributions). (ii) As of April 17, cash payment of JPY100,000 per person will be given to all citizens nationwide, from previously planned JPY300,000 to each household in need whose income has declined significantly so that the total amount of cash payments will expand significantly, from the scale of JPY6 trillion to more than JPY14 trillion. (iii) May 14, The government announced another set of new measures to be included in the formulation of the second supplementary budget: (a) enhance the Employment Adjustment Subsidies by raising the maximum payment to 15,000 yen per day as a special measure and establish a new scheme that allows employees themselves to directly apply for and receive the money; (b) establish a new assistance scheme to further reduce rents, a fixed cost that is posing a major burden on micro-, small- and medium-sized business operators (SMEs); (c) establish a new mechanism for supporting students, including university students; (d) with government outlays, cover the total expenditure of the comprehensive support subsidy for medical systems and increase the amount significantly; and (e) provide adequate liquidity support for large companies and those relatively smaller ones, in addition to small- and medium-sizes enterprises. We will also implement measures to strengthen financial functions such as increasing the allocation of special lending by the Japan Finance Corporation and crisis response lending by the Development Bank of Japan, as well as strengthen the financial base with capital funds including subordinated loans. (iv) May 19, Exemption of customs duty and (domestic) consumption tax for imported goods which are proved to be provided free of charge. (v) June 12, Parliament enacted the second supplementary budget worth JPY31.91 trillion which includes financial assistance to medical staff, and small firms and single proprietors. These direct spending measures are part of the JPY117 trillion stimulus package approved by the Cabinet on May 27 which brings the total amount of stimulus from all economic packages to JPY234 trillion (over 40% of GDP). [update]
|Japan||05A||05A - Health support||JPY|
|Japan||05B||05B - Income support||JPY|
|Luxembourg||05||05 - Health and income support||EUR||9,057,000,000||10,018,805,310|
|Luxembourg||05A||05A - Health support||EUR||194,000,000||214,601,770||OECD. https://www.oecd.org/coronavirus/en/ (accessed 9 May 2020).||
Additional expenditures in the context of health and crisis management, notably for the procurement of medical equipment and infrastructure (up to EUR194 million).
|Luxembourg||05B||05B - Income support||EUR||8,863,000,000||9,804,203,540||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 19 April 2020; 9 May 2020). EU https://ec.europa.eu/info/sites/info/files/2020-european-semester-stability-programme-luxembourg_fr_0.pdf (accessed 14 May 2020). Luxembourg government. https://gouvernement.lu/fr/actualites/toutes_actualites/communiques/2020/05-mai/20-neistart-relance.html (accessed 4 June 2020)||
March 25: (i) EUR1.45 billion fiscal package adopted by the Parliament, including: (a) EUR400 million (0.6% of 2019 GDP) coverage of employees’ leave for family reasons, (b) EUR1 billion (1.6% GDP) paying partial-unemployment benefits, and (c) EUR50 million (0.1% percent of 2019 GDP) providing non-repayable financial aid to micro enterprises; (ii) Part of the fiscal package adopted by the Parliament: Postponing tax and social-security contribution payments for the first two quarters of the year (EUR4.5 billion); April 30, EUR2.257 billion fiscal package has been partly adopted by the Parliament, including spending measures: Key spending measures include: (a) acquiring medical equipment and infrastructure (EUR194 million, 0.3% of 2019 GDP); (b) covering employees’ leave for family reasons (EUR226 million, 0.4% of 2019 GDP) and sick leave (EUR106 million, 0.2% of 2019 GDP); (c) paying partial-unemployment benefits (EUR1 billion, 1.6% of 2019 GDP); (d) granting capital advances to cover companies’ operating costs (EUR400 million, 0.6% of 2019 GDP); and (e) providing non-repayable financial aid to micro enterprises and eligible self-employed (EUR250 million, 0.4% of 2019 GDP); (iii) Liquidity support measures include postponing tax and social-security contribution payments for the first half of the year (EUR4.55 billion); (iv) EUR800 million estimated as total cost of the following measures: (a) cash grants to companies in heavily affected sectors that still do not have authorization to reopen, (b) lump-sum stimulus for SMEs in retail trade, (c) doubling the cost-of-living-allowance and introducing a family-support leave, and (d) investment aid for development, process/organizational innovation, or energy efficiency projects. [update]