As part of a federal government initiative to restart the nation’s economy, Australians on aged care, disability and family benefits will receive two cash payments of $250 over the next five months.
Finance Minister Matthias Cormann announced that two $250 payments, this December and next March, would be distributed in cash.
The payments are part of the 2020 Federal Budget, to be delivered tonight by Treasurer Josh Frydenberg.
Qualified recipients include persons receiving age compensation, compensation for disability assistance, family tax benefit, lump sum family tax benefit, double orphan pension, employment allowance, and employment payments.
The payments would also be available for those with a Commonwealth senior health card, pensioner concession card and veteran card.
The payments are not the first to be handed down this year by the federal government.
In March, during the coronavirus pandemic, 6.6 million Australians had $750 credited to their bank account to assist them financially.
Three months later, an extra $750 in their bank account was deposited for five million Australians.
The payments were part of the Economic Support Payment (ESP) from the government.
The Federal Budget for tonight is expected to be a record budget with a deficit estimated to surpass $200 billion.
Mr Frydenberg was quoted as saying the loss of more than 600 million jobs was caused by the COVID-19 pandemic.