Australian Prime Minister Kevin Rudd called the present financial crisis as the worst ever since Great Depression. For this reason, he pumped in $10 billion intended for the emergency rescue package. Said emergency plan package will be given to low and middle income families and pensioners.
THE PACKAGE
- families will receive a Christmas bonus of $1000 per child
- single pensioners will get $1400
- pensioner couples will get $2100
- $4.8 billion down payment on long-term pension reform
- $3.9 billion for low and middle income families
- $1.5 billion investment to help first home buyers
- $187 million to create 56,000 new training places in 2008-09
- Accelerate three nation-building funds and investment in nation building projects to 200.
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