Small and medium businesses trying to rebuild will have access to cheap, part-guaranteed loans of up to $1 million, while the JobKeeper scheme will be split into a series of tiered payments and its eligibility criteria tightened.
The measures will be among those announced in Thursday's economic statement that will reveal record debt and deficit forecasts, driven by alarming drops in revenue and massive increases in spending.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
