Oct 15, 2008

Grayndler residents to Benefit from Economic Security Strategy

Grayndler residents to Benefit from Economic Security Strategy

MEDIA RELEASE

The Hon Anthony Albanese MP

The Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

October 15 2008

The Rudd Labor Government has taken decisive action to make sure working families and pensioners in Grayndler have a secure future.

Kevin Rudd has announced a $10.4 billion strategy to strengthen the national economy and support Australian households during a deep and prolonged global economic slowdown.

The Australian economy is strong, but to maintain that strength , Australia must act decisively.

The Rudd Labor Government’s Economic Security Strategy delivers for more than 21,000 pensioners and carers, and 7,600 families in Grayndler.

Under the strategy,  pensioners will receive a down payment of $1,400 for singles and $2,100 for couples. Carers, disability support and aged pensioners, seniors and veterans will also benefit.

In addition,  people who are receiving a Carer Allowance will receive $1,000 for each eligible person being cared for.

These pension payments will be made from 8 December 2008 and are intended to provide additional support in the 9 months between now and when long-term reforms are introduced from the beginning of the next financial year.

7,600 families receiving Family Tax Benefit A will also receive immediate financial support through the Strategy, with a one-off payment of $1,000 for each eligible child in their care.

“This is about delivering real and immediate support to people who need it most, including pensioners, carers and families.”

“The Rudd Labor Government is responding to the challenging economic times, and meeting the needs of local families, pensioners and carers through this strategy,” said Anthony Albanese.

The Economic Security Strategy will also make first home buyers eligible for grants of up to $21,000, with the ‘First Home Owners Boost’ initiative to bolster construction activity in the housing market.

“That’s an important boost for people looking to buy or build their own home in the inner west,” said Anthony Albanese.

Additional measures for infrastructure spending and increased training places will ensure that Australia is well-placed into the future to maintain a strong economy.

“The Rudd Labor Government is investing in our future,” said Anthony Albanese.