Agriculture Minister David Littleproud says despite the challenges presented by the COVID-19 pandemic conditions, Australian agriculture will increase to $61 billion this financial year. “Farmers across the country have faced numerous challenges, drought, flood, fire and now COVID-19, but they have continued to get on with the job and have been the economic back bone of this country,” he said.
The Agriculture billions had been spent by the government to support the agricultural sector through the droughts, fires and floods. He said a key measure implemented in response to drought was a “$4 billion investment in the Regional Investment Corporation allowing farmers to refund $2 billion of their debt from a commercial bank with no interest and no repayment for two years”. “That is money we are taking out of big banks' pockets and back into farmers' pockets,” he said.
D_LittleproudMP Do they have enough workers to pick up everything?
D_LittleproudMP This has to end. Dan Andrews must be removed from office NOW. He is Chinese-like dictator. Fundamental violation of human rights. No different from Nazi Germany.
D_LittleproudMP If you say so Waterboy
D_LittleproudMP Positive news
D_LittleproudMP Excellent news
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Treasurer to announce Australia in first recession in three decades | Sky News AustraliaThe Treasurer is today expected to announce Australia has entered its first recession in almost three decades with an expected six per cent contraction in Gross Domestic Product during his national accounts address.\n\nJosh Frydenberg said the coronavirus pandemic swung 'a wrecking ball' through the economy but said Australia was doing better comparatively than other nations.\n\n'The impact... on GDP in the June quarter across the world has been staggering,' Mr Frydenberg said.\n\n'In the United Kingdom, it has been around 20 per cent. In France, it has been around 14 per cent.\n\n'The expectation is the fall here will not be as large as we've seen in other countries around the world indicating the remarkable resilience of the Australian economy.'\n\nThe contraction represented the worst economic downturn since records began in the 1950s - dwarfing a two per cent quarterly drop in 1974.\n\nThe Reserve Bank of Australia unsurprisingly announced yesterday it would again keep the cash rate on hold at the record low 0.25 per cent but Governor Philip Lowe confirmed another cut was unlikely for the 'forseeable future'.\n\nMeanwhile, the parliament has greenlighted the government's plan to cut Jobseeker and Jobkeeper payments beyond September when a two-tiered, revised system comes into effect through to March 2021.\n\nThe Treasurer argued it was time to begin winding back the government's high level of fiscal support, but said no Australian would be 'left in the lurch'.\n\nImage: News Corp Australia That's been the plan all a long. Go bust for the foreign takeover. FANTASTIC Well Done Great Work LittleJoshy Stand up take a bow 👏👏👏👏👏 TrillionDollarDebt from the TrillionDollarLiberals Yuup sore it coming.
Source: SkyNewsAust - 🏆 7. / 78 Read more »