The Australian Government will support the economy billions of dollars.

The Australian Government has announced a plan to stimulate the economy, the financing of which will require 42 billion Australian dollars (26 billion U.S. dollars). This was announced Finance Minister of Australia Wayne Suon (Wayne Swan), reported AFP.
As part of the plan 28,8 billion Australian dollars will be spent on the implementation of infrastructure projects and educational programs. An additional 12.7 billion dollars in the economy of the country receives from the tax breaks.
According to the Australian Government, the economy in the current fiscal year, which ends on 30 June 2009, will grow by 0.75 per cent and per cent - in the next. Unemployment rate reaches seven percent in the fiscal year ending 30 June 2010.
Government budget deficit in the current year amount to 22.5 billion Australian dollars. In May 2008, Government expects the budget surplus of $ 21.7 billion Australian dollars. Appearance of the fiscal deficit will contribute to a sharp reduction in demand for Australian imports from China and other Asian countries.
According to the International Monetary Fund (IMF), promulgated at the end of January 2009, the economy of Australia this year to decline by 0.2 per cent, if the Government did not take any measures for its promotion. In December 2008 the authorities presented a plan to support the economy, the financing of which was spent 10.4 billion Australian dollars.
In early November, the Reserve Bank of Australia lowered the base rate from 6 to 5.25 percentage points, that explained the country's economy. During 2008, the rate was reduced three times.