
The Prime Minister announced a 1.8 billion euro package to aid business in the wake of the Coronovirus spread.
Addressing the media this evening, Robert Abela said that the aim is to sustain business at a time of crisis. The PM said that the aim is for the measures to be sustainable, and were possible because over the past years the country was doing so well from an economic point of view.
One of the measures is a 350 euro payment the government will be giving to employees who had to go into quarantine because of the virus.
Finance Minister Edward Scicluna said that this will entail 700 million euros in tax deferrals and 900 million euros in loan guarantees.
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