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Australia: AUD 2 billion increase in funding for rural businesses affected by the drought

Description

On 22 July 2020, the Minister for Finance announced AUD 2 billion (USD 1.3 billion) in loans for farms and small businesses affected by the drought. The loans consist of two modalities: Drought Loan,...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

22 Jul 2020

Revocation date

30 Jun 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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