btw, 如果你不知道次級房貸的英文
請記一下 "subprime loan" or "subprime mortage"
如果你還不知道什麼是次級房貸
請在本板搜尋 "次級房貸" 並稍作閱讀
萬分感謝 <(_ _)>
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Australian government says it will spend US$7.4 billion to boost economy
By ROD McGUIRK, AP
Tuesday, October 14, 2008 4:47 pm
CANBERRA, Australia –– The government announced Tuesday it would pour 10.4
billion Austr
alian dollars (US$7.4 billion) into Australia's economy to try to protect it
from the global financial meltdown.
"The global financial crisis has entered into a new, dangerous and damaging
phase," Prime Minister Kevin Rudd told reporters after his Cabinet approved
the huge funding injection over the next three years.
The spending injection - which amounts to 1 percent of Australia's gross
domestic product - sharply increases the level of intervention in the crisis
by a government that at the weekend announced it would guarantee all bank
deposits.
Most of the money will be drawn from a A$21.7 billion (US$15.3 billion)
budget surplus forecast for the fiscal year ending June 30, 2009, which has
been built partly on the back of a resources boom in the minerals-rich
country in recent years.
"The purpose of a surplus in the budget is to deal with tough times and tough
times are with us," said Rudd.
He said the government intended to continue delivering budget surpluses, but
he warned of a "bumpy road ahead" and that he would take "whatever action is
necessary" to underpin growth and Australia's financial system.
Australian share markets rose sharply Tuesday even before Rudd's
announcement, following the rapid rise on Wall Street that followed days of
losses. The benchmark S&P/ASX200 index closed up 3.7 percent to 4,335.2 in
response to media speculation about a big government spending program. The
index rose about 5 percent on Monday.
Most of the money will go toward increasing pensions and family welfare
payments, increasing grants to first home buyers and to infrastructure
projects.
Rudd said the strategy "will strengthen the national economy and support
Australian households, given the risk of a deep and prolonged global economic
slowdown."
Treasurer Wayne Swan, the government's top economic minister, said the
dramatic injection of funds was necessary because of the scale of the
financial crisis.
"It's really important to understand that the world changed, changed
dramatically, in the last couple of weeks," Swan said.
Rudd maintained that Australian banks are better placed than most in the
world to weather the credit crunch but the government action was necessary to
maintain market confidence.
Some economists said the package may not be enough to prevent Australia
slipping into a recession after 17 years of uninterrupted growth.
"It's a 50-50 call whether we'll see one or not," AMP Capital Investors chief
economist Shane Oliver said. "The package may help head that off or ensure
that any recession is a mild one."
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※ 編輯: BroodWar 來自: 59.112.56.21 (10/15 00:04)