Australian Government's stimulus package

On the 3rd of February, the Australian Government announced a A$42bn stimulus package.

Key measures funded by the announcements Nation Building and Jobs Plan include:
In all, I think a much better package than the cash handouts done in the $10.4 billion Economic Security Strategy announced in October 2008. My belief is that cash bonuses rarely get used for the purposes intended... all they do is prolong bad habits.

I was particularly happy to see the business investment tax break as I believe this is much better spending for our economy that individual consumer spending due to the fact it goes towards creating income. I'm happy to have someone with economics study debate and correct me on that point.

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posted by Lee Gale @ 7:21 PM,


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