18 November 2008
Australian govt to announce $300 million infrastructure package to boost economic growth
The Australian Government is expected to announce a $300 million package for infrastructure expansion to help reignite the slowing economy, reports Bloomberg.
Infrastructure Minister Anthony Albanese and the Prime Minister Kevin Rudd will meet 400 mayors of various Australian local councils to discuss the package, which will focus on building libraries and parks.
Albanese told the ABC Radio the expansion of infrastructure would have a wide range of fiscal and employment benefits throughout Australian communities.
The infrastructure expansion is just part of the $10.4 billion stimulus package promised by the Government to rescue the slowing economy.
"We want to see jobs created throughout Australia and that is what this package will be aimed at," Albanese said. "It will have a multiplier effect in local councils and we want to see jobs created in these communities."
There have been concerns recently that the Minister for Immigration and Citizenship Chris Evans may have to cut back the record levels of Australian immigration in the 2009 Budget in response to the slowing economy. As a result, potential migrants to Australia are encouraged to process their applications before the Rudd Government makes any changes to the migration quota.
"I'd envisage certainly that the migration program for next year would be smaller than this year," Senator Evans told a Senate estimates hearing in October. "(But) no decision has been taken on that."
The Minister increased the migration quota this year by 31,000 to reach a record 190,300 visas for emigrating to Australia, and comprised 133,500 skilled visa migrants.
The Australian Visa Bureau is an independent consulting company specialising in helping people with their Australian visa application.
Article by Jessica Bird, Australian Visa Bureau.