Rudd Stimulus Package Cost

The per taxpayer cost of the stimulus bills.

Rudd stimulus package cost. The rudd government spent 164 000 to set up the website which provides details of the rollout of spending under the government s 42 billion stimulus package announced in february. Keep in mind some of the package is loans and may ultimately be paid back she said. Ten years ago this month the rudd government having already taken necessary steps to protect australia s banking system from the financial firestorm flaring from wall street announced its first.

With the economy experiencing its biggest slowdown since the early 1990s and facing a recession the government announced an economic stimulus package worth 10 4 billion. Rudd announces 10 4 billion economic stimulus package oct 14 2008 the federal government has announced an economic security package containing 5 initiatives worth 10 4 billion including a boost to pensions assistance to first home buyers and low income earners more training places and a bringing forward of infrastructure plans. Kevin rudd was prime minister of australia from 2007 to 2010 and from june 2013 to september 2013.

Figures released yesterday show there were a total of 230 000 hits on the website in april and may. In an address to the nation last night prime minister kevin rudd said the government was prepared to plunge into a temporary 22 5 billion budget deficit this year in defence of australian jobs. The former labor government s 100 billion stimulus package during the gfc has been slammed in a scathing new treasury commissioned report which argues the cash splash actually weakened the economy and damaged local industry by overvaluing the exchange rate.

The morrison government s pledges so far amount to about 7 600 per person. There s more to come too. By this measure the rudd and gillard governments spent on average about 2 900 per person in today s dollars to keep the economy afloat.

About 16 800 per income taxpayer she said.