Find out how many billions major countries are spending in the coronavirus fight

SUMMARY

The world in under an extended lockdown as countries struggle to contain the spread of the deadly coronavirus. From healthcare personnel working round the clock to stimulus packages being released by governments, take a look at how much money countries have pledged in the fight against COVID-19.

By CNBCTV18.comApr 13, 2020 5:32:52 PM IST (Updated)

The world in under an extended lockdown as countries struggle to contain the spread of the deadly coronavirus. From healthcare personnel working round the clock to stimulus packages being released by governments, take a look at how much money countries have pledged in the fight against COVID-19.

Australia | The country announced a $50 billion package, which is 3.6 percent of its GDP.

Canada | The North American nation announced a $176 billion package around 9.7 percent of its GDP in the fight against coronavirus. The package includes a plan to subsidise 75 percent of wages for Canadian workers.

China | Planning to announce policies to reduce or exempt VAT for firms providing essential good or logistics.

Euro Zone | EU has sanctioned euros 3.2 billion so far to help individual countries meet near-term obligations

France | The country has announced a $50 billion package (1.8 percent of GDP) to help small businesses and workers affected by the virus.

Germany | The country announced a $156 billion package (4 percent of GDP) to support social security of individuals and businesses along with a stabilization fund of $600 billion (16 percent of GDP) to support businesses and buy stake in them.

Hong Kong | The Chinese special administrative region has announced a $15 billion relief package (3.9 percent of GDP) in the annual budget, which includes HK $10,000 payment to each resident

India | The country’s central government has announced a Rs 1.7 trillion relief package for low-income households

Italy | Announced a $28 bn package (1.4% of GDP), which includes contributing to a fund that guarantees loans to small and medium businesses, and relief to companies affected by coronavirus pandemic

Japan | Tokyo has announced two packages amounting to $19,6 bn (0.4% of GDP) to support small business loans. It also approved stimulus worth $990 bn on April 7.

South Korea | Allocated $93 billion, which is 5.76 percent of its GDP in a special budget to aid medical response, businesses and households. The country also announced tax breaks and rent subsidies.

United Kingdom | The country announced a $66-billion stimulus package, which includes a tax cut for retailers, cash grants for small businesses, wages for employees at risk of losing jobs and mandate to provide sick pay to people who need to self-isolate.

US | The country has announced a $2.2 trillion package (around 10 percent of GDP) to provide relief to affected companies, loans to small businesses and transfers to low and mid-income American adults.