Merry Christmas, from the government?
In an interesting move to help stimulate the economy, our government is giving $1000 per child to parents and $1400 to each pensioner ($2100 for a couple) before Christmas with an encouragement that money is to be spent and not saved.
It will cost some $10.4 billion overall but it is good to see government stimulus aimed at helping people who can use it the most rather than just injecting ridiculous sums into the business sector directly.
There is also rumour with the property market cooling down the government here might be ramping up the first home owner scheme. When it first came out in 2000 you got $14k when purchasing your first home or $21k if you had a new home built, that has been scaled back significantly since the property market overheated to currently $10k for an established home and $12k for a new home.
Each state government has also got the green light from the federal government to start funding major projects. In my state they have just announced a transportation and roadwork project of about $38 billion. Projects like these will help to stimulate the various manufacturing and labour based industries.
Not sure how much these schemes will help to ward off the world-wide downturn/recession but I guess every little bit helps.
It will cost some $10.4 billion overall but it is good to see government stimulus aimed at helping people who can use it the most rather than just injecting ridiculous sums into the business sector directly.
There is also rumour with the property market cooling down the government here might be ramping up the first home owner scheme. When it first came out in 2000 you got $14k when purchasing your first home or $21k if you had a new home built, that has been scaled back significantly since the property market overheated to currently $10k for an established home and $12k for a new home.
Each state government has also got the green light from the federal government to start funding major projects. In my state they have just announced a transportation and roadwork project of about $38 billion. Projects like these will help to stimulate the various manufacturing and labour based industries.
Not sure how much these schemes will help to ward off the world-wide downturn/recession but I guess every little bit helps.