Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Government budget initiatives to ward off slowdown

Staff Reporter 1 minute read

The government will consider revised budget initiatives to boost consumer confidence and economic growth in the face of the global financial crisis.

A package of $5-10 billion is reportedly under consideration, The Australian reported today, that is expected to include one-off tax rebates, direct infrastructure spending and welfare payments all delivered before Christmas.

Finance minister Lindsay Tanner told The Australian Financial Review the government could not afford to wait to assess the full impact of the global crisis before acting to support the economy.

“It’s clear there are considerable risks to economic activity generally and that those pressures are starting to mount,” he said.

Published: 14-10-08

Today's other news

 

 

Advertisement
Advertisement
Government budget initiatives to ward off slowdown
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
mortgage choice 850 Major brokerage appoints new GM of distribution

Mortgage Choice has announced that Citi’s former head of bankin...

ANZ new still ta ANZ extends business loan terms

The major bank has announced that it will extend the maximum loan...

cash money rolls Credit growth stunted by dive in business lending

Credit growth has waned as a result of a sharp drop-off in busine...

FROM THE WEB