For those worried about the debt involved, including some Coalition MPs, the Reserve Bank Governor offers some reassurance.

Mr Lowe told Four Corners “we shouldn’t be worried” about the debt.

“It’s the right thing to do… we have the capacity to borrow, our interest rates are as low as they’ve ever been, the Australian Government has a long record of responsible fiscal policy, so the budget accounts are in reasonable shape. And if ever there’s a time to borrow, now is it,” he said.

There is, however, a gentle reminder to either side of politics who think they can avoid tough decisions in the future about this debt.

“That debt will have to be repaid at some future point, and that will constrain our choices. So we’ll have to confront that,” he said.

We still don’t know how much spending and therefore debt will be required to survive this crisis.

The Prime Minister is also flagging a “pro-growth” strategy on the other side to help get the economy up and running again. In other words, confronting the debt burden won’t be the immediate priority.

After stabilising the plane, those in the cockpit are now trying to work out how to land it.