Stimulus+packages

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What has been the impact of the stimulus package on the economy?

Ashleigh - The government has spent almost half of the next years forecast budget surplus ( Rudd $10.4 billion rescue plan). This consists of:- - A $4.8 billion lump pension payment - A $3.9billion family package - A $1.5 billion first homebuyers grant Stockmarket have surged with Australia’s four leading banks increasing in value by an average of 6%. The reason as to why the benchmark index has come of its highest is due to increase demand for resources (commodities).