As we know, we have lost a lot in terms of economy during the covid pandemic, and we are still trying to recover from it. However, the government is making necessary plans to back the economy at the right track by providing funding to industries and businesses to stand back again.
USA government also stimulus package to save economy which has gone below during pandemic situation.
As per the report, the USA president has announced around USD 1.9 trillion as a coronavirus relief fund to maintain the economic fallout during covid pandemic situations.
This stimulus package is for direct financial help to all the average Americans, to support all the business who has lost their identity during the covid period and boost national covid vaccination program.
Some part of this package will direct aid to individual families and assistance of the business.
As per the source, the USA president said that $20 billion would be used on the national vaccination program, and $50 billion will be used to make covid testing faster than the present situation.
USA president also said to give direct financial assistance to Americans who need it most. President Donald Trump also signed a USD 900 billion relief fund to provide unemployment supplement benefits.
So, the USA government is trying to take back the economy on the right track by making some decisions. Such as efficient use of American recovery and reinvestment act may prevent USA auto industries from going bankrupt as we know that the US auto industry plays a major role in the economy. So the government is taking suitable action to take back their economy.
Now US Government is focusing on sustainable growth, which is a significant effort for short-term economic recovery. There is three major principal which are helpful to provide shape to USA economy.
- Focus on the worker who worked in affected industries, help flight attendants, gate agents, and other workers. People lost their jobs in the oil industry; help them directly to get back USA economy.
- The second concept is to invest in a win-win investment. Try to attract investors to invest in solar energy projects to preserve the economy.
- The third plan is to invest in the right direction to grow the USA economy.